Fazlani Trading Ltd

Fazlani Trading Ltd, based in Ilford, UK, is a small, active company established five years ago. With four employees and £427,990 in assets, it operates from a virtual address, a detail flagged by the presence of 85 other companies registered at the same location. The company is led by one director and one owner, and runs an e-commerce site. It’s an irregular importer, primarily dealing in clocks, watches, and their parts, with just two months of import activity recorded as of November 2022. The company’s activities span wholesale fruit and vegetables, retail watch and jewellery sales, and even legal activities like patent and copyright work.

The website, FT Limited, showcases a wide range of watches, particularly Seiko and Casio models, catering to both men and women. It highlights collections, sale items, and even offers global shipping, a 30-day return policy, and secure payment options. The site also features a blog with articles on watch brands and trends, indicating a focus on building brand authority.

Financially, Fazlani Trading Ltd presents a mixed picture. While current assets increased by 26% to £430,000, net assets declined by 67% to -£390,000. Bank borrowings surged by 41% to £810,000, and cash reserves fell by 84% to just £1,200. Creditors also increased by 43% to £820,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant equity decline suggests financial pressure. No auditor is mentioned, and the accounts are described as “filleted” and unaudited. The decrease in accrued liabilities is a positive sign, however.

It’s clear that Fazlani Trading Ltd is navigating a challenging period, balancing e-commerce growth with financial strain. The company’s reliance on imports and its fluctuating financial performance warrant close monitoring.

Registered in England/Wales under the registration number 12214349, with a registered address at IG1 1QP, England, Ilford, 344-348 High Road.

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