Essentially Ankara Ltd

Essentially Ankara Ltd is a small, family-run business based in London, UK. Founded five years ago in 2019, the company is currently active and employs three people. With £64 in assets, it operates an e-commerce site specializing in African print handbags and accessories. The business has three directors and three owners, and is registered at a virtual address shared by over eight thousand other companies.

The company’s website, Essentially Ankara, offers a wide range of products, from clutch bags and tote bags to cosmetic bags and cushion covers, all featuring vibrant African prints. It ships internationally, with a currency selection tool allowing customers to view prices in various countries. The site’s design is clean and easy to navigate, and it boasts a comprehensive FAQ section.

Financially, Essentially Ankara Ltd has experienced a significant downturn. Current assets have fallen by 93%, dropping from £860 to just £64. Net assets have also plummeted by 93%, decreasing from £860 to £64. Cash reserves have suffered a similar decline, falling from £860 to £64. Bank borrowings have increased dramatically, and creditors have remained relatively stable. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile, but the sharp decline in equity raises concerns. There is no auditor mentioned, likely due to its status as a small company.

While the e-commerce site appears active and well-stocked, the financial data suggests the company is burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen, but for now, Essentially Ankara Ltd is relying on its unique product offering and online presence to weather the storm.

Registered in England/Wales under the registration number 12229429, with a registered address at EC1V 2NX, England, London, 124 City Road.

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