Hakara Resources Ltd

Hakara Resources Ltd, based in London, UK, is a small, active company founded eight years ago. With four employees and £942,553 in assets, it operates from a virtual address—a detail flagged by the presence of 29 other companies registered at the same location. The company is led by a solo founder and director, Bousfiha Abdelkrim, and boasts a perfect 5.0 Google rating from two reviews. It’s a regular importer, primarily of iron or steel products, with its last import operation recorded four months ago.

The company’s website positions Hakara Resources as a dynamic international steel trading house, delivering sustainable value to partners globally. It emphasizes experience within the steel and trade finance industries, assisting buyers and sellers with complex transactions. The site details a broad product portfolio, including long, flat, and semi-finished steel products, as well as raw materials. Services encompass logistics management, trade financing, and comprehensive financial solutions, including pre-financing suppliers and flexible payment structures for clients. The website also highlights the company’s ability to handle shipping, financing, and documentation, ensuring materials reach their destination efficiently.

Financially, Hakara Resources Ltd shows a mixed picture. Current assets have decreased by 31%, dropping to £940,000, while net assets have also fallen by 4.5% to £670,000. Bank borrowings have surged by a staggering 2,600%, reaching £1,100—a significant shift. Creditors have decreased by 87%, suggesting improved debt management, however. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the increased borrowings and decreased cash reserves raise concerns. The lack of an auditor mentioned likely reflects its exemption as a small company, meaning the figures are unaudited.

The company’s reliance on a virtual address and the fluctuating financials suggest a startup still navigating challenges. While its expertise in steel trading and comprehensive services appear promising, the financial data indicate a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 10594108, with a registered address at EC3V 0BT, England, London, 40 Gracechurch Street.

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