Drk Glass Ltd

Drk Glass Ltd from London UK: a small, active company founded six years ago, employs three people, and holds £67,184 in assets. With a real address and a 5.0 Google rating based on six reviews, it’s a well-regarded local business. The company is led by a solo founder and has one director and owner, Mohammed Ari Mustafa. It regularly imports machinery, boilers, and mechanical appliances, with the most recent import activity occurring just four months ago.

The company operates in the specialised construction activities and glass manufacturing industries. Its website is non-existent, which is a little odd. It's unclear if they have any online presence beyond their registration details.

Financially, Drk Glass Ltd shows a mixed picture. Current assets have increased by 28% to £67,000, but cash reserves have fallen significantly by 64% to just £7,200. Bank borrowings have decreased by 30% to £23,000, which is a positive sign. However, net losses have deepened, and trade debtors have increased substantially – a concerning trend. The company meets two of the three conditions to be considered small, with a turnover under £10.2 million and assets under £5.1 million. The lack of an auditor is not surprising, given its small size.

Overall, Drk Glass Ltd seems to be navigating a period of change. While its asset base has grown, the decline in cash and increase in debtors suggest it's burning through money. The management team, led by Abdulrazak Khalid, will need to address these issues to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 11989974, with a registered address at W7 2QA, England, London, Boston Business Park, Trumpers Way.

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