Blacksea Trading Ltd

Blacksea Trading Ltd from Croydon UK: a small, active company founded two years ago, employs one person, and operates from a real address. It's led by a single director and owner, who also serves as the solo founder. The company regularly imports drinks, alcohol, and vinegar, with five months of import activity recorded, the last operation made on September 01, 2024. It’s described as a “one-stop destination for iron trading” and operates within the other food services industries.

The company’s website, Black Sea Trading, positions itself as a leading iron trading company based in Dubai, UAE. It specializes in steel and iron structures, offering engineering, manufacturing, sales, and management services. The site highlights a team of seasoned professionals and emphasizes its commitment to providing comprehensive and reliable iron trading services. It’s clear they are focused on B2B sales, targeting commercial and industrial customers with a wide range of iron products, from billets to electric welding pipe. They even boast a showroom in Harrods, London, which is impressive.

Financially, Blacksea Trading Ltd shows a mixed picture. While it’s a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets are in the negatives at -£3,100. Cash bank on hand sits at just £470, and bank borrowings are at £4,300. Creditors are also at £4,300. The company’s property plant equipment, mainly computer equipment, is valued at £660, but depreciation has remained steady at £140. It’s worth noting that the company’s retained earnings are also in the negatives, at -£3,100. With no auditor mentioned, the unaudited accounts rely on director-reported data.

Overall, Blacksea Trading Ltd appears to be facing some financial challenges, with a negative equity and low cash reserves. The company's reliance on loans from directors suggests it’s burning through money, but the lack of employees could indicate a lean operation. It’s possible the company is in a growth phase, reinvesting profits back into the business, but the negative equity is concerning.

Registered in England/Wales under the registration number 14839965, with a registered address at CR0 3AA, United Kingdom, Croydon, Challenge House, Unit 25, 616 Mitcham Road.

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