Friends Enterprises Limited

Friends Enterprises Limited, based in London, UK, is a small, active company established eighteen years ago in 2006. Employing just three people, the company holds £110,527 in assets and operates from a real address on Romford Road. It’s led by a single director and owner, Sarin Harmon Singh. The company’s core business involves retail sale of newspapers and stationery in specialised stores, but it also operates as an irregular importer of electrical machinery and equipment, with just two months of import activity recorded dating back to 2016.

The company’s website paints a picture of a thriving agricultural commodities business, specializing in pulses, food grains, and agro commodities. Founded over 35 years ago, Friends Enterprises boasts a strong presence in the Indian market, supplying Kabuli chickpeas, desi chickpeas, and other products to clients across the globe. The site emphasizes quality, trust, and long-term relationships, highlighting its commitment to providing “the desired value” to customers. It’s a business with a long history and a focus on building trust.

Financially, Friends Enterprises Limited shows a mixed picture. Current assets have decreased by 18% to £110,000, while net assets have increased by 100% to £14,000. Cash bank on hand has fallen by 31% to £41,000, and bank borrowings have increased. Creditors have decreased by 19%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Other taxation social security payable has increased significantly, which might indicate increased payroll costs. The company’s accounts are unaudited, a common occurrence for small entities.

Overall, Friends Enterprises Limited appears to be navigating a period of change. While the agricultural commodities business seems robust, the financial data suggests some challenges, although the increase in net assets is a positive sign. It’s a small company with a long history, and it’s clear that the business is working to maintain its reputation for quality and trust.

Registered in England/Wales under the registration number 05923584, with a registered address at E15 4LY, London, 107 Romford Road.

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