Besttotrade Ltd

Besttotrade Ltd is a small, active company registered in London, UK, founded eight years ago in 2016. It employs just one person and holds £36,261 in assets. The company operates from a virtual address – a fact highlighted by the presence of 28,859 other companies registered at the same location – and is led by one director and one owner, Nalakath Vadakkayil Abdurahiman Rafeeq.

The company’s focus is retail sales via mail order and internet, according to its filings. Its website, British Brands Group, champions the importance of brands in the UK economy, providing resources, training, and a forum for brand manufacturers. The site showcases a wide range of brands and highlights the economic benefits they bring, from job creation to innovation. It also features a blog, training programs, and information on topics like Amazon competition law and GSCOP.

Financially, Besttotrade Ltd has experienced some challenges. Current assets have fallen by 38% to £36,000, and net assets have plummeted 130% to -£2,500. Bank borrowings decreased by 11%, while cash reserves have shrunk by 43% to £15,000. Creditors decreased by 35%, but loans from directors increased significantly to £6,600. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the sharp decline in equity is concerning. The accounts are unaudited and were prepared under the historical cost convention.

It seems Besttotrade Ltd is navigating a period of financial strain, with a significant drop in equity and a reduction in cash reserves. While the British Brands Group website suggests a broader focus on promoting brands, the company's own financial performance indicates a need for careful management.

Registered in England/Wales under the registration number 10401972, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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