Iqra Trading Limited

Iqra Trading Limited, based in Leicester, UK, is a small, active company founded four years ago in July 2020. With just one employee and £13,665 in assets, it's a solo founder operation managed by a single director and owner, Thadha Iqra. The company operates in the retail sale via mail order houses or via internet industries. It’s a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The registered address is real, with only five companies registered at the same location.

The company’s website is minimal, providing little insight into its operations beyond its core business. It seems to focus primarily on online retail, likely leveraging platforms like eBay or Amazon, but there's no dedicated e-commerce site to analyze. This suggests a lean approach, prioritizing sales channels with established customer bases rather than investing in a standalone online presence.

Financially, Iqra Trading Limited presents a mixed picture. Cash bank on hand has increased significantly by 86%, jumping to £14,000, which is good. However, creditors have fallen dramatically by 93%, dropping to just £4,000, and current assets have decreased by 76% to £14,000. Equity, however, has seen a massive turnaround, rising from a loss of £120 to a positive £9,600—a remarkable 8200% increase. Debtors are at zero, a significant change from the previous £51,000. The company is exempt from an audit, relying on unaudited accounts.

These figures suggest a period of significant change. The sharp decrease in creditors and the substantial equity improvement are encouraging, indicating improved financial management. The decrease in current assets, however, warrants attention. It's possible that the company has streamlined its operations, reducing inventory and focusing on faster sales cycles, or it could be facing challenges in maintaining working capital. The sudden drop in debtors is also notable, possibly due to aggressive collections or a shift in payment terms. Overall, while the company’s financials are showing signs of improvement, it's important to monitor these trends closely to ensure long-term sustainability.

Registered in England/Wales under the registration number 12747321, with a registered address at LE5 5RH, England, Leicester, 33 Homeway Road.

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