Fazil & Company Ltd

Fazil & Company Ltd, based in London, UK, is a small, active company established 26 years ago in 1998. Employing eight people and holding assets of £304,005, it operates from a real address in Broadgate. With one director and two owners, the company navigates a somewhat irregular import and export landscape. 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's website reveals a significant focus on the heavy machinery sector, specifically catering to the mining and construction industries. Fazil & Sons Ltd, as it's branded, provides equipment and services, including mobilization of heavy equipment, earthworks, and mining operations. Their portfolio showcases work for major clients like Bamburi Cement and Toyo Construction, demonstrating a track record of completing projects on time. The website also highlights a range of services, from equipment rental to disaster recovery for damaged pianos—a surprising diversification.

Financially, Fazil & Company Ltd presents a mixed picture. While turnover remains steady, cash reserves have plummeted by 92%, dropping to a mere £27. Net current assets and liabilities have increased by 280%, and equity has decreased by 69%. Creditors have risen by 3.7%, and bank borrowings have increased by 8.3%. The company’s trade debtors have decreased by 35%, which could be a good sign of improved collection efficiency. The lack of an auditor mentioned—likely due to the small company exemption—means the figures are unaudited.

Overall, Fazil & Company Ltd seems to be facing some financial headwinds, with declining cash reserves and increasing liabilities. The diversification into piano restoration, while intriguing, could be a strategic move to offset challenges in the heavy machinery sector. Whether the company can maintain its momentum and navigate these pressures remains to be seen.

Registered in England/Wales under the registration number 03619097, with a registered address at EC2A 2EA, London, 44 Worship Street, Broadgate.

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