Ikqra Ltd

Ikqra Ltd is a small, active company based in Cardiff, UK, founded two years ago in 2022. With a single employee and £75 in assets, it’s a solo-founded operation run by a director and owner. The company operates in the retail sale via mail order houses or via internet, the advertising agencies industries. It has a real registered address and is likely real as only eight companies registered at the address.

The company’s website, iqra Power Ltd, positions itself as a leading power plant industry in Dhaka, Bangladesh. It offers lifecycle solutions across various sectors, including energy, power, marine, industrial, transport, automation, and communication. The website emphasizes a team of professionals engaged in providing customized solutions to ensure sustainability and profitability. It even has a phone number and email address, which is good.

Financially, Ikqra Ltd is showing some concerning trends. Current assets have fallen by a significant 57%, dropping to just £75, while net assets have plummeted 66% to -£25. Bank borrowings have also increased, and cash reserves have decreased. Turnover revenue has fallen by 34%, dropping to £1,200. While the company meets the criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the sharp decline in equity and revenue raises questions. There's no auditor mentioned, which is common for small companies. It seems like the company is struggling to maintain its financial health.

Registered in England/Wales under the registration number 14491903, with a registered address at CF24 4AT, Wales, Cardiff, 31 Llanbleddian Gardens.

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