Beyyoglu Ltd

Beyyoglu Ltd is a small, active company based in London, UK, founded three years ago in November 2021. It’s a solo-founded operation with one director and owner, Ugur Simge, and employs just one person. The company holds £77,714 in assets and operates from a real address shared by five other companies. Beyyoglu Ltd runs an e-commerce site and imports clothing and accessories made by knitting or crocheting, with a sporadic import history spanning one month, the last recorded in September 7023. It also operates in the wholesale of textiles, retail via mail order, and management consultancy.

The company’s website, while not providing extensive details, suggests a focus on online sales and potentially broader business services. The site’s limited content hints at a smaller-scale operation, prioritizing efficiency over extensive marketing.

Financially, Beyyoglu Ltd presents a mixed picture. While current assets remain steady at £78,000, net assets are negative at -£55,000, indicating accumulated losses. Bank borrowings are stable at £49,000, and cash reserves are a modest £17,000. Trade debtors are low at £2,200, and creditors are £130,000. 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 negative equity suggests it’s burning through cash. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

It seems that Beyyoglu Ltd is navigating the challenges of a startup, balancing online sales and import activities while managing its finances. The negative equity could be a result of initial investments or ongoing operational costs, but it's something to keep an eye on.

Registered in England/Wales under the registration number 13727969, with a registered address at E1 6JN, England, London, 110 Shoreditch High Street.

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