Burao Uk Ltd

Burao Uk Ltd from Harrow UK is a small, active company founded three years ago in 2021. Despite its active status, the company is currently facing some financial and administrative challenges, with accounts overdue for nine months and confirmation statements overdue for a year. It employs eight people and holds £382,309 in assets, but operates from a virtual address and has no listed directors or owners. The company regularly imports leather goods, travel bags, and animal harnesses—six months of import activity recorded—and irregularly exports miscellaneous food products, with just one month of export activity.

The company's activities appear to be centered around wholesale trade, with a focus on importing and exporting various goods. The lack of directors and owners is unusual, and it's likely that the business is being run by a single individual or a small group operating informally. The virtual address raises concerns about the legitimacy of the business, as eighty-eight companies share the same address.

Financially, Burao Uk Ltd’s numbers are mixed. Current assets remain steady at £380,000, while equity is stable at £360,000. Cash bank on hand is a solid £100,000, but creditors are at £22,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the overdue accounts and confirmation statements are a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It's possible that the company is experiencing cash flow issues, leading to the overdue accounts. Alternatively, it could be a case of administrative oversight, particularly given the lack of directors and owners. The irregular export activity suggests that the company may be testing different markets or struggling to maintain consistent export sales. The company's future hinges on resolving these administrative and financial challenges and establishing a more stable operational structure.

Registered in England/Wales under the registration number 13651802, with a registered address at HA1 1BD, England, Harrow, 79 College Road.

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