Atasoy Ltd

Atasoy Ltd from Cardiff UK: a small, active company founded three years ago, currently facing overdue accounts and confirmation statements. It’s a solo-founded operation with one director and owner, holding just £1 in assets and generating £1,102 in yearly revenue. The company operates from a real address and is classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The business appears to be involved in a diverse range of activities, including retail sales via mail order, management consultancy, information services, and business support services. It’s a bit unclear what they *actually* do, though, as their website is unavailable. This makes it difficult to assess their e-commerce presence or specific market focus.

Financially, Atasoy Ltd is showing some concerning trends. While the company director made payments on behalf of the company, and has a director signing financial statements, net assets have plummeted to -£11,000, and operating profit loss sits at -£11,000. Cash bank on hand is a mere £1. Trade debtors have increased significantly, suggesting potential issues with customer payments. The company’s small size and lack of employees (zero reported) contribute to its lean operation, but the negative equity raises questions about its long-term viability. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

It seems Atasoy Ltd is facing challenges in converting revenue into profit, and is burning through money. The company’s solo founder status might explain its small scale, but it also highlights the reliance on a single individual to manage all aspects of the business. Whether Atasoy Ltd can turn things around remains to be seen—but for now, it’s a small company facing a tough road.

Registered in England/Wales under the registration number 13998336, with a registered address at CF14 8LH, Cardiff, 13998336 - COMPANIES HOUSE DEFAULT ADDRESS.

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