Finavia Ltd

Finavia Ltd is a small, active company based in Middlesbrough, UK, founded just three years ago in 2021. With £132,192 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner. The business operates an e-commerce site, offering computing tablets, accessories, and home kitchen items. The site boasts a clean design and emphasizes free delivery to mainland UK, alongside a newsletter sign-up for promotions. While primarily focused on online retail, it operates in the retail sale via mail order houses or via internet industries.

Finavia’s website, Finavia, is a straightforward e-commerce platform. It features clear product categories, a search function, and standard e-commerce elements like a shopping cart and account creation. The site is powered by Ecomatives and accepts PayPal for payments. The overall impression is that of a small, focused online retailer aiming for a clean and user-friendly shopping experience. They seem to be doing well with their products.

Financially, Finavia Ltd presents a mixed picture. Current assets have decreased by 2.1% to £130,000, while net assets have plummeted 39% to £15,000. Cash reserves fell 1.8% to £4,900. Trade debtors have also decreased by 25%, suggesting improved collection of payments. However, creditors have increased by 5.9% to £120,000. 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 stay agile, but the significant drop in equity raises questions. There’s no mention of an auditor, likely due to exemption as a small company, so the figures are unaudited.

The company’s director, Shabbir Kashif, appears to be heavily involved in all aspects of the business. While the e-commerce side seems active, the financials suggest the company is burning through money. It’s possible that the recent increase in creditors is a result of increased stock purchases to meet demand, or perhaps a strategic move to expand the product range. It’s hard to say for sure, but the company’s future will depend on its ability to turn a profit and build a sustainable business model.

Registered in England/Wales under the registration number 13421148, with a registered address at TS2 1RT, England, Middlesbrough, Unit 2 E Brighouse Business Village, Brighouse Road.

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