Bullion Exchange Limited

Bullion Exchange Limited, based in London, UK, is a small, active company established 14 years ago in 2010. With a single employee and £382,330 in assets, it operates from a real address and is managed by one director and owner, Akbas Mustafa. The company regularly imports jewelry, precious stones, and metals – five months of activity recorded, with the last import in February 2022 – and occasionally exports these same items, with two months of export activity, the last in January 2019. The company operates in the retail sale of watches and jewellery in specialised stores.

The business's website is currently unavailable, so it's difficult to ascertain the extent of its e-commerce operations. However, the description of its activities suggests a focus on physical sales, potentially through a brick-and-mortar store or wholesale distribution.

Financially, Bullion Exchange Limited presents a mixed picture. While current assets have increased by 53% to £380,000, net assets have decreased by 13% to -£12,000. Bank borrowings have remained constant at £50,000, and cash reserves have grown by 40% to £5,500. Creditors have increased significantly by 56% to £350,000, and trade creditors have ballooned by 97% to £240,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity is concerning. The company’s director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The company’s accounts are unaudited, and the accounts were prepared under the historical cost convention and in accordance with FRS 102. The company owes its director £36,894, which has been included under other creditors due within one year. The company is under the control of its own director.

Registered in England/Wales under the registration number 07386179, with a registered address at N4 1HE, England, London, 451 Green Lanes.

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