Ipek Yolu Ltd

Ipek Yolu Ltd from Harlow UK: a small company with an active status, founded 5 years ago, employs 2 people, and holds £1,359,595 in assets. It has a real address, is managed by 1 director, and owned by 1 person. The company is a regular importer of drinks, alcohol, and vinegar, with 56 months of import activity recorded.

The company operates as a sourcing agency specializing in private label garment manufacturing by Turkish textile manufacturers. It’s particularly experienced in kids' collections, boasting a rich portfolio of manufacturers and a wide range of garments for different age groups. The website highlights services including sourcing, private label production, sampling, production, quality control, and shipment. It seems they've built a business around connecting Turkish textile manufacturers with international buyers, focusing on private label production. They even offer services like sampling and quality control, suggesting a hands-on approach to ensuring product standards.

Financially, Ipek Yolu Ltd shows some concerning trends. Cash bank on hand has plummeted by a whopping 79%, dropping to just £3,900. Creditors have also increased, though not as dramatically, rising to £1.4 million. While trade debtors have decreased, it’s a small comfort. The most striking change is the significant increase in "other creditors," which has jumped by 420% to £1.2 million. This could indicate a reliance on short-term financing or potentially, issues with managing payment terms. Despite the decrease in current assets, the company's net assets have increased by 19%, suggesting a potential revaluation of assets. It’s a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which means it’s exempt from a full audit, so these figures are unaudited.

Overall, Ipek Yolu Ltd seems to be facing some financial headwinds, with a reliance on short-term financing and a decrease in cash reserves. The company's focus on private label garment sourcing, however, suggests a potentially lucrative niche, and the increase in net assets indicates a possible revaluation of assets.

Registered in England/Wales under the registration number 12061904, with a registered address at CM20 2HS, England, Harlow, Unit 47-48 Harlow Enterprise Centre Elizabeth Way.

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