Askay Global Ltd

14348467 Askay Global Ltd is a small, active company based in London, UK, founded two years ago in September 2022. It’s a solo-founded operation with one director and owner, Kayhan Ahmet Salih, and holds £76,274 in assets. The company operates from a real address in Green Lanes and is involved in a range of activities, including construction of domestic buildings, wholesale of petroleum products, and construction of commercial buildings. It’s also an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring two months ago in March 2023.

The company's website, while simple, points to a focus on supporting subcontractors within the UK construction industry. It offers a database to find subcontractors, educational resources, and advocacy for fair contracts. The site's tone is proactive, aiming to address common concerns like unfair contract terms, security of retentions, and health and safety regulations. It also provides discounted HS courses and legal template documents.

Financially, Askay Global Ltd’s figures paint a mixed picture. Current assets remained stable at £76,000, but equity dropped significantly to just £450—a sharp decline from previous years. Debtor values are also high at £76,000. Bank borrowings are substantial at £88,000. While creditors decreased slightly, the overall trend suggests a company struggling to build equity. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

It seems Askay Global Ltd is facing challenges in building a strong financial foundation, despite its focus on providing valuable services to the construction industry. Whether its advocacy efforts and subcontractor database can translate into improved financial performance remains to be seen—but for now, the company is navigating a difficult landscape.

Registered in England/Wales under the registration number 14348467, with a registered address at N16 9DT, United Kingdom, London, Unit 004ka 32 Arakan House, Green Lanes.

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