Cumi Ltd

Cumi Ltd from Neasden UK: a small, active company founded 16 years ago, employs two people, and holds £69,170 in assets. It’s a family business with two directors and two owners, operating from a real address. Cumi Ltd is an irregular importer, primarily bringing in printed materials like books, newspapers, and pictures, with the last import operation occurring two months ago. The company’s activities include agents involved in the sale of a variety of goods, retail sale via mail order houses or via internet, specialised design activities, and other business support service activities.

The company’s website highlights a diverse range of services. While the core business appears to be facilitating sales and providing support, the site also mentions design activities and specialized business services. It’s not a straightforward e-commerce site with a visible online store, suggesting a more service-oriented approach, possibly acting as an intermediary or providing consultancy.

Financially, Cumi Ltd presents a mixed picture. Current assets have increased slightly to £69,000, but net assets have decreased significantly, falling 690% to just £520. Bank borrowings have decreased by 48%, and cash reserves have increased by 45% to £15,000. Creditors have increased substantially, rising 23%, and trade debtors have increased by 430%. 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 flexibility, but the sharp decline in equity raises concerns. No auditor is mentioned, so the figures are unaudited.

In short, Cumi Ltd seems to be navigating a challenging financial landscape. While its diverse services and family ownership provide stability, the company needs to address the declining equity and manage its creditors effectively to ensure long-term sustainability.

Registered in England/Wales under the registration number 06597232, with a registered address at NW2 6JH, Neasden, London, Parkhill House, 9 Dollis Hill Lane.

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