Hateem Limited

Hateem Ltd from Birmingham UK: small company, active status, founded 23 years ago, accounts overdue 4 years, confirmation overdue 4 years, real address, 1 director, 1 owner. It's a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company has been operating for a good while, but it seems to be struggling to keep its paperwork up-to-date, with both accounts and confirmation statements significantly overdue.

The business operates in the retail sale via mail order houses or via internet industries. There isn't a website available for Hateem Limited, so it’s difficult to determine the exact nature of their online presence or specific products they sell. It’s possible they rely solely on wholesale or other offline channels.

Financially, Hateem Ltd presents a mixed picture. Bank overdrafts have decreased substantially, dropping by 59% to £14,000, which is a positive sign. However, creditors have increased significantly, rising by 160% to £70,000 after one year, and by 27% within one year. This suggests the company is relying more on credit from suppliers. Cash reserves remain steady at £1,800, but net assets have fallen to -£26,000, indicating that liabilities exceed assets. The company's turnover is up 18% to £96,000, but the increase in creditors and the negative equity are concerning. There's a decrease in the number of employees, from two to one. The company’s property, plant, and equipment has also decreased, which is not good. The director, Rauf Aamir, is responsible for these figures.

The company’s financial situation suggests it's burning through money, rather than building reserves. While the decrease in bank overdrafts is encouraging, the increase in creditors and negative equity raise concerns about its long-term viability. The lack of employees may be a cost-saving measure, but it could also limit the company’s ability to grow. It’s possible that the company is struggling to manage its cash flow effectively, or that it’s facing increased competition in the online retail market. The fact that accounts are overdue suggests a lack of attention to administrative tasks, which could further complicate matters.

Registered in England/Wales under the registration number 04271735, with a registered address at B11 2AQ, England, Birmingham, Westmidlands, Unit 45 Rovex Business Park, Hay Hall Road.

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