Comfort Tradings Ltd

Comfort Tradings Ltd, based in London, UK, is a small, active company founded just two years ago. The firm holds £40,361 in assets and operates from a virtual address, a common trait for smaller businesses. It’s a solo founder operation, managed by a single director and owner, Amoako Nathaniel Sarfo. The company’s primary focus is retail sale via mail order houses or via the internet, a sector that’s increasingly competitive.

The company’s website reveals a broader scope of operations than initially apparent. Comfort Tradings Ltd is actually part of Comfort Group of Industries, a larger conglomerate with roots dating back to the 1970s. The group’s interests span diverse sectors including garment manufacturing, fashion sourcing, real estate, insurance, and even stock market investments. The website details a significant expansion of the garment division, with an International Liaison Office established in London and a renewed emphasis on overseas trading. The group’s website also highlights a focus on sustainability, corporate social responsibility, and attracting talent through competitive compensation packages.

Financially, Comfort Tradings Ltd presents a mixed picture. While current assets remain steady at £40,000, net assets are in the negative, sitting at -£2,500. Bank borrowings are also at -£2,800. Creditors have increased slightly to £43,000, and trade debtors are at £8,900. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and no employees reported. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The negative equity and reliance on creditors suggest that Comfort Tradings Ltd is burning through cash, typical for a startup. However, the broader Comfort Group’s diverse portfolio and established presence in Bangladesh could provide a safety net, allowing the company to weather these early-stage challenges. It's worth noting that the company's virtual address raises questions about its physical operations and potential overhead costs, but the company's focus on international liaison and garment manufacturing indicates a strategic, albeit potentially risky, approach to growth.

Registered in England/Wales under the registration number 14312810, with a registered address at WC1N 3AX, United Kingdom, London, 27 Old Gloucester Street.

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