Alfarid (uk) Ltd

Alfarid (UK) Ltd, based in Exeter, is a small, active company founded eleven years ago in 2013. With twenty employees and £1,076,804 in assets, it’s a solo-founded operation managed by one director and owner, Einollahi Reza. The company operates in the licensed restaurants industries and is an irregular importer, with its top import category being ceramic products, totaling one month of imports as of August 2021.

The company’s website, Alfarid Group, reveals a broader international operation. It’s a leading import and export company focused on exporting Egyptian products to global markets, handling franchise agreements, and undertaking commercial projects in Egypt, Africa, the UK, and the United States. It also owns Alfarid Academy, Samar Nour Fashion, and AlFarid Holding UK. The website highlights services like international trade consulting, logistics, customs clearance, and even offers a service to create “unforgettable Egyptian experiences” for visitors. The company also runs Samar Nour Fashion LLC, an American company established by Eng. Samar Farid Nour.

Financially, Alfarid (UK) Ltd shows a mixed picture. Current assets increased by 27%, reaching £1,100,000, while net assets rose 19%, reaching £1,000,000. Bank borrowings decreased by 33%, falling to £68,000, and cash reserves grew by 56%, reaching £140,000. However, creditors increased by 170%, reaching £100,000, and trade debtors rose by 24%, suggesting a possible need to manage customer payments. 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 remain agile. No auditor is mentioned, likely due to its exemption as a small company. The accounts are unaudited and produced using VT Final Accounts software. The company’s growth in assets and cash reserves is a positive sign, but the increase in creditors warrants closer attention.

Registered in England/Wales under the registration number 08785802, with a registered address at EX1 1HJ, Exeter, 3 Cathedral Yard.

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