Han Consultancy Ltd

Han Consultancy Ltd is a small, active company based in London, UK, founded five years ago in June 2019. It's a solo venture, with one director and owner – Gunaydin Servet Tunchan – and a single employee. The company holds £3,207 in assets and operates from a virtual address, shared by 753 other businesses.

The company’s website reveals a diverse range of services. Han Consultancy provides Turkish law consultancy, business consultancy, and Turkish language tutoring, targeting the Turkish community in North London and beyond. It seems to be a one-person operation, leveraging online platforms like Wix to offer these services. The site clearly aims to provide expertise in Turkish law and business, alongside educational support.

Financially, Han Consultancy Ltd is showing signs of a challenging period. Current assets have dropped significantly by 60% to £3,200, while net assets have plummeted 96% to just £89. Bank borrowings have decreased, but cash reserves have also fallen substantially by 75% to £1,300. Creditors have also decreased, but overall, the sharp decline in equity suggests the company is burning through cash. The company meets two of the three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, exempt from an audit, rely on director-reported data.

It's clear that Han Consultancy Ltd is facing financial pressures, despite its diverse service offerings. Whether the business can sustain itself long-term, relying on a single founder and a virtual address, remains to be seen.

Registered in England/Wales under the registration number 12070561, 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.
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