Hakara Resources Uk Ltd

Hakara Resources Uk Ltd, based in London, is a small, active company founded five years ago. With a single employee and £511,947 in assets, it operates from a virtual address shared by twenty-nine other companies. The company is led by a solo founder and director, Bousfiha Abdelkrim, and maintains a perfect 5.0 Google rating from two reviews. Hakara Resources is an irregular importer, primarily dealing in iron and steel, with its last import activity recorded just one month ago in October 2024.

The company’s website positions Hakara Resources as a dynamic international steel trading house, delivering value to partners worldwide. It specializes in sourcing, shipping, communicating, and administering steel products and raw materials, catering to commercial and industrial customers. The website highlights its ability to handle logistics, provide financial solutions, and offer a wide range of steel products, from long and flat products to raw materials like scrap and iron ore. The company’s website also shows that they have a service portfolio including management of logistics and comprehensive financial solutions.

Financially, Hakara Resources Uk Ltd presents a mixed picture. Current assets have increased significantly, jumping from £1 to £510,000—a huge increase. However, net assets have fallen into negative territory, sitting at -£70,000. Bank borrowings have increased, and cash reserves are at a low £37,000. Creditors have also risen considerably, reaching £580,000. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the negative equity and rising debts suggest financial pressure. There is no mention of an auditor, likely due to its small size and exemption from audit. The company's description of its accounting practices mentions that the accounts are prepared under the historical cost convention and in accordance with Financial Reporting Standard 102. It also mentions that the company is entitled to exemption from audit under section 477 of the Companies Act 2006.

Registered in England/Wales under the registration number 12048573, 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.