Altaid Ltd

Altaid Ltd is a small, active company based in London, UK, founded four years ago in July 2020. With just one employee and £5,507 in assets, it operates as a solo founder venture, managed by a single director and owner, Sincheva Markhabat. The company’s registered address, however, is a virtual one, shared by over 5,000 other businesses, raising questions about its physical presence. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Altaid Ltd’s website, Altair Consultancy and Advisory Services, paints a picture of a much larger operation. They provide a wide range of services, from corporate finance and digital transformation to governance and sustainability, catering to sectors like charity, education, and sport. Their website highlights a team of experts, case studies showcasing successful projects, and a commitment to “unrivalled experience and diverse expertise.” They even offer recruitment services, placing candidates in housing, property, and regeneration roles. It’s a consultancy, not just a small e-commerce business.

Financially, Altaid Ltd’s picture is a little shaky. Turnover dropped significantly, down 43% to just £210, and operating losses deepened to -£27. Cash reserves have also shrunk, falling 21% to £760. While creditors remained relatively stable, the sharp decline in revenue and profitability suggests the company is struggling to generate income. The company’s bank borrowings are not mentioned, but the significant drop in cash reserves could indicate a reliance on external financing. The accounts are unaudited, and no auditor is mentioned, which is common for small, exempt companies.

Overall, Altaid Ltd appears to be a small consultancy operating within a larger group, Altair Consultancy and Advisory Services, but its own financial performance is concerning. It’s a small company, but it’s burning through money.

Registered in England/Wales under the registration number 12761054, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street.

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