Eastrend Ltd

Eastrend Ltd from London UK: small company, active status, founded 6 years ago, 10 employees, £86,846 assets, real address, 2 directors, 3 owners. Irregular importer of clothing and accessories made by knitting or crocheting (1 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the unlicensed restaurants and cafes industries. Officially, it has three owners or PSCs, two directors, and ten employees.

While the company’s website isn’t available, it appears Eastrend Ltd focuses on importing clothing and accessories made by knitting or crocheting. The last recorded import activity was over a year ago, in November 2022. It’s an irregular importer, with only one month of import activity recorded.

Financially, Eastrend Ltd presents a mixed picture. Current assets have fallen by 16% to £87,000, while net assets have plummeted 81% to just £9,700—a significant drop. Bank borrowings are down, which is good, but cash reserves have also fallen. Creditors are down too, suggesting improved debt management. The company’s small size helps it stay agile, but the sharp equity decline raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data also reveals a few interesting trends. Average number of employees has increased by 20% to 12, which could be a sign of growth. However, the company’s accumulated amortisation impairment intangible assets has increased by 50%, which could be a cause for concern. Overall, Eastrend Ltd seems to be facing some financial challenges, but it’s also showing signs of potential growth.

Registered in England/Wales under the registration number 11541562, with a registered address at E10 6JP, England, London, 680 High Road Leyton.

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