Goturkishfood Ltd

Goturkishfood Ltd from Loughton UK is a small company with an active status, founded six years ago in 2019. It employs just one person and holds £32,855 in assets, operating from a real address and managed by one director and owner. The company runs an e-commerce site specializing in Turkish food products.

The website showcases a wide range of Turkish delicacies, including beverages, meat products, pasta, cheeses, olives, honey, and spreads. It features a user-friendly interface with categories, search functionality, and product listings with images, descriptions, and pricing. The site also highlights special offers, customer reviews, and a blog with articles on Turkish cuisine and culture. It’s clear the company is focused on retail sale via mail order and internet industries.

Financially, Goturkishfood Ltd presents a mixed picture. While cash bank on hand increased by 19% to £7,800, current assets only grew by 61% to £20,000. However, net assets decreased by 36% to £19,000, and equity also dropped significantly. Creditors, however, decreased by 79% to £610, which could indicate improved debt management. Trade debtors increased by 81% to £8,900, suggesting potential issues with customer payments. The company meets two of three conditions to be considered small – turnover under £10.2 million and assets under £5.1 million – and the lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Despite the decline in equity, the company’s cash position and decreased creditors suggest it's not burning through money at an alarming rate, but rather navigating a period of transition. The single employee and lean structure likely contribute to its agility, but the long-term sustainability of the business will depend on its ability to maintain sales and manage its finances effectively.

Registered in England/Wales under the registration number 11914625, with a registered address at IG10 1PS, England, Loughton, 8 Maple Gate.

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