Ilford Lane Barber Ltd

Ilford Lane Barber Ltd is a small, active company based in London, UK, founded four years ago in October 2020. It's a solo venture, managed by a single director and owner, Amjad Yaseen, and employs just one person. The company holds £8,051 in assets and operates from a real address on Ilford Lane. It’s registered under the small companies regime, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The business primarily operates in the retail sale via mail order houses or via internet, alongside hairdressing and beauty treatment services. It’s a niche player, catering to a specific clientele in the London area. While there's no website to analyze, the description suggests a focus on traditional barbering services combined with online sales.

Financially, Ilford Lane Barber Ltd presents a mixed picture. While current assets increased by 35% to £8,100, net assets also rose by 43% to £5,400. However, cash reserves plummeted 83% to just £1,000—a significant drop. Bank borrowings decreased by 40% to £3,200, and trade debtors surged, reaching £7,000. Creditors also increased, rising 61% to £4,700. The company’s small size and lack of employees (just one reported) allow for agility, but the decline in cash reserves is a cause for concern. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The increase in debtors suggests customers are taking longer to pay, which could be putting a strain on the company's cash flow. The rise in creditors, however, could be due to increased purchasing of supplies. It's possible the company is reinvesting in its business, but the sharp drop in cash reserves warrants careful monitoring.

Registered in England/Wales under the registration number 12983075, with a registered address at IG1 2RT, United Kingdom, London, 167 Ilford Lane.

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