Celco Group Ltd

Celco Group Ltd is a small, active company based in Glasgow, UK, founded two years ago in January 2023. The firm employs just two people and holds £107,103 in assets, operating from a real address in Commerce Street. With one director and one owner, Ahmad Zaheer, at the helm, it’s a relatively lean operation. The company operates in the retail sale of food, beverages, and tobacco, as well as retail via mail order and internet.

The company’s website highlights its focus on debt recovery services for both government entities and private sectors. Celco specializes in recovering debts related to medical bills, student loans, personal loans, local government taxes, and business taxes. They offer comprehensive services, managing all aspects of the debt collection process, including legal action. The website emphasizes quality customer service and optimizing cash flow for clients.

Financially, Celco Group Ltd presents a mixed picture. While the company meets the criteria for a small entity (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its financial data reveals some concerning trends. Current assets remained steady at £110,000, but net assets are at £21,000. Trade debtors are at £75,000, while creditors are at £78,000. Bank balances are steady at £2,600. The company’s equity has remained stable, and there is no indication of an auditor. The company’s debt recovery focus suggests a business model reliant on recovering outstanding payments, and the stable bank balance indicates some degree of financial stability, but the lack of growth in assets and the reliance on debtors could present challenges.

Registered in Scotland under the registration number SC754889, with a registered address at G5 8DL, Scotland, Glasgow, 105 Commerce Street.

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