Bin Khalid Online Ltd

Bin Khalid Online Ltd, based in Glasgow, UK, is a small, active company founded three years ago. It employs two people and holds £71,669 in assets. The company operates as an e-commerce site and is run by a solo founder who is also the director and owner. It’s a relatively irregular exporter, with its top export category being aluminum and aluminum products, with just one month of export activity recorded as of March 2023.

The company’s website showcases a wide range of caps and fragrances, with a "Mega Sale" promotion running. The site is clearly geared towards online retail, offering a variety of products and emphasizing fast shipping across Pakistan. The website also features a "WhatsApp us" button, indicating a focus on customer service.

Financially, Bin Khalid Online Ltd’s numbers paint a mixed picture. Current assets have decreased significantly, dropping 66% to £72,000. Bank borrowings have increased, reaching £22,000, and cash reserves have fallen 150% to £22,000. Creditors have also decreased by 67%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp decrease in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s average number of employees has doubled to four, which could be a sign of growth, but also adds to the operational costs. The increase in trade debtors, ballooning by 84%, could indicate difficulties in collecting payments, or perhaps an expansion of credit terms. Overall, Bin Khalid Online Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in Scotland under the registration number SC706681, with a registered address at G42 7SA, Scotland, Glasgow, 345 Victoria Road.

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