Al-manar Islamic Superstore Ltd

Al Manar Islamic Superstore Ltd, based in Birmingham, UK, is a small, active company founded eight years ago. With 13 employees and £720,429 in assets, it operates a real address and is managed by three directors and three owners. The company’s Google rating is a perfect 5.0 based on 2502 reviews, and it’s a regular importer of clothing and accessories made by knitting or crocheting, with 23 months of import activity recorded. It runs an e-commerce site, catering to a niche market.

The company operates in several retail sectors, including food, books, clothing, and watches and jewellery. Its website showcases a diverse range of products, suggesting a broad appeal to its customer base. The focus on Islamic-themed items likely contributes to its unique positioning within the UK retail landscape.

Financially, Al Manar Islamic Superstore Ltd presents a mixed picture. While current assets have increased by 73% to £720,000, net losses have deepened to -£23,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £28,000. Trade debtors have ballooned by 890%, suggesting delayed customer payments or expanded credit terms. Creditors have risen 35% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in employee numbers, from 13 to 20, is notable and could indicate expansion or increased workload. However, the rise in bank borrowings and the decline in cash reserves suggest the company may be burning through money faster than it's earning it. It’s possible the company is investing in growth, but careful management will be crucial to ensure long-term sustainability.

Registered in England/Wales under the registration number 10449845, with a registered address at B10 0UG, England, Birmingham, 430 Coventry Road, Small Heath.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.