Bnf Sourcing Ltd

Bnf Sourcing Ltd, based in London, UK, is a small, active company founded five years ago in 2019. Employing just two people, it holds £80,732 in assets and operates from a real address in Sutherland Road. With one director and one owner, the company is a regular importer of clothing and accessories, not knitted or crocheted, with three months of import activity recorded as of July 2021.

The company's activities encompass wholesale of textiles, non-specialised wholesale trade, retail sale via mail order houses or via internet, and management consultancy activities. It’s a relatively small operation, meeting two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Bnf Sourcing Ltd presents a mixed picture. Cash bank on hand has fallen sharply by 92%, dropping to £1,500, while bank borrowings have decreased by 17% to £31,000. Creditors have also decreased by 17%, but net assets have surged an impressive 5200%, reaching £10,000—a significant turnaround. Trade debtors have increased considerably by 120%, suggesting a potential reliance on customer payments. Despite these shifts, the company’s equity has increased dramatically. With no auditor mentioned (likely exempt as a small company), the unaudited figures provide a snapshot of its current state.

The substantial increase in equity, despite the drop in cash reserves, suggests a possible injection of capital or a change in accounting practices. The company’s ability to manage its creditors and increase its equity while navigating fluctuating cash flow will be key to its future success.

Registered in England/Wales under the registration number 12331424, with a registered address at E17 6BU, United Kingdom, London, Unit Da2 Unit Da2 Sutherland House, 43 Sutherland Road.

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