Banoze Ltd

Banoze Ltd from London UK is a small, active company founded two years ago. It employs 27 people and holds £2,786,014 in assets, generating a substantial £31,944,615 in revenue annually. The company, with two directors and a solo founder (Ali Hamid), operates from a real address and is registered with two other companies at the same location. It's an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import operation occurring two months ago in September 2023.

Banoze Ltd’s core business revolves around the wholesale trade of motor vehicle parts and accessories, specifically car tyres. It operates as a manufacturer, exporter, and wholesaler, with two branches in London and Manchester. The company proudly supplies several trusted budget tyre brands, catering to businesses across the UK through its B2B platform. It’s website highlights a focus on unbeatable value and reliable, cost-effective solutions for fleet management, garages, and tyre suppliers. The company’s vision is to become the most preferred and trusted supplier in the industry, setting a standard for excellence and customer satisfaction.

Financially, Banoze Ltd presents a mixed picture. While turnover increased dramatically by 180%, reaching £32 million, net assets rose by a more modest 140% to £580,000. Cash bank on hand, however, dropped significantly by 53%, settling at £170,000. Creditors decreased slightly, but trade debtors increased by 7.2%, which could indicate a delay in payments. The company’s administrative expenses increased by 150%, suggesting growing operational costs. The increase in employees from 27 to 42 also points to expansion, though it’s worth noting that the company’s small size (meeting two of three criteria for a small company) helps it maintain agility. With no auditor mentioned, the financial statements are unaudited.

The substantial growth in revenue is encouraging, but the decline in cash reserves and increase in administrative expenses warrant close monitoring. The company’s focus on budget tyres and B2B sales seems to be driving growth, but managing costs and ensuring timely payments will be crucial for its long-term financial health.

Registered in England/Wales under the registration number 14206236, with a registered address at N20 9LB, England, London, 3 Downland Close.

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