Gunes Trading Ltd

Gunes Trading Ltd is a small, active company based in London, UK, founded four years ago in 2020. It operates as a solo venture, with one director and owner, Sarioglu Hasan, and employs a single employee. The company holds £24,271 in assets and uses a virtual address, registered at 17 Green Lanes, which is shared by 701 other companies. It’s a regular importer of paper and paperboard products, with nine months of import activity recorded, the last operation taking place in January 2025. The company’s core business involves wholesale of household goods (other than musical instruments) and non-specialised wholesale trade.

The company’s website, gunesshipping.com, presents a different picture. It’s a shipping and logistics business, offering ship management, chartering, and fleet services. The website emphasizes trust, efficiency, and cost-effectiveness, positioning itself as a reliable partner for clients. It’s a professional and well-designed site, suggesting a focus on international trade and maritime operations. It’s unclear how closely the two businesses are linked, but both emphasize international trade and British expertise.

Financially, Gunes Trading Ltd is showing some concerning trends. While cash reserves remained steady at £20,000, current assets dropped by 24% to £24,000. Debtors plummeted by a significant 67%, indicating potential issues with customer payments or a slowdown in sales. Equity, however, increased by 54% to £970, suggesting retained earnings are accumulating. Bank borrowings are also up, which is not a good sign. 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 decline in debtors and increase in bank borrowings raise questions about its financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Gunes Trading Ltd is facing some financial headwinds, despite its growing equity. The shipping arm, meanwhile, projects a more robust and established presence—a contrast to the trading business. Whether the two can sustain each other long-term remains to be seen, but the company will need to address its debtor issues and manage its bank borrowings to ensure its long-term viability.

Registered in England/Wales under the registration number 13012532, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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