Alwais Ltd

Alwais Ltd from London UK: a small, active company founded nine years ago, is facing some financial headwinds. With just one employee and £152,974 in assets, the company operates from a virtual address, a fact highlighted by the presence of 107 other companies registered at the same location. It’s led by a single director and owner, Rashad Farzad. Alwais Ltd is a regular importer of essential oils and perfumes, having imported for three months, with the last activity recorded in March 19, 2020.

The company’s website, Hear Always, is a specialist in independent hearing care, offering tests, advice, and hearing aids across Scotland and Northern England. It partners with local opticians to provide complimentary hearing health checks and emphasizes its independence, allowing it to offer a wide range of hearing aids from leading suppliers. The site’s content is focused on helping people understand and address hearing loss, with a strong emphasis on patient care and aftercare services.

Financially, Alwais Ltd’s situation is mixed. While cash bank on hand decreased by 12% to £30,000, current assets have increased by a significant 120% to £150,000. However, creditors have also risen sharply by 120% to £63,000, and trade debtors have ballooned by a staggering 1800% to £94,000—a worrying sign of delayed payments. Equity, however, has also increased by 120% to £90,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt and the large amount owed to debtors suggest a need for careful financial management. The company is exempt from an audit, so the figures are unaudited. It’s possible that the increase in debtors is due to an expansion of credit terms to attract new customers, but it warrants closer monitoring.

Registered in England/Wales under the registration number 09873767, with a registered address at W5 2UA, England, London, 1-2 Craven Road.

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