Islamic Life Limited

Islamic Life Limited is a small, active company based in Manchester, UK, founded four years ago in January 2021. It employs four people and holds £48,796 in assets, operating from a real address with one director and owner – a solo founder, Kattany Mohammed. The company is involved in the retail sale of books and clothing, and it’s an irregular importer of clothing and accessories, not knitted or crocheted, with one month of import activity recorded as of November 2024.

The company’s website doesn’s offer much insight into operations, with no e-commerce presence visible. It seems the business focuses on retail sales, likely through other channels.

Financially, Islamic Life Limited presents a mixed picture. Current assets have increased by 16% to £49,000, but net assets have risen by 51% to £9,000. Bank overdrafts remain steady at £34,000, while creditors have increased significantly by 48% to £70,000. Cash reserves have decreased slightly by 8% to £9,300. Trade debtors have increased significantly, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors warrants attention. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Islamic Life Limited appears to be navigating a period of change. While assets and net assets have increased, the rise in creditors suggests a need for careful financial management. It’s unclear if the business is burning through cash or strategically expanding, but close monitoring of its financial health will be crucial for its continued success.

Registered in England/Wales under the registration number 13162308, with a registered address at M14 5TP, United Kingdom, Manchester, Lancashire, Unit 11-13 6 Wilmslow Road, Rusholme.

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