Its Souk Limited

Its Souk Ltd, based in Great Dunmow, UK, is a small, active company founded just a year ago. With £126,934 in assets and a virtual address shared by 116 other companies, it operates as a solo founder venture with one director and owner, Pollard Rachael Louise. The company runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings—eight months of import activity recorded, the latest in October 2024.

The website, yoursouk.co.uk, showcases a wide range of products, from DIY tools and electronics to home kitchen essentials and mobile communication devices. It emphasizes quality, relationships, and free delivery on orders over £50, and features a blog and customer support section. The site’s categories are well-organized, and it highlights new arrivals and special offers.

Financially, Its Souk Ltd presents a mixed picture. While the company is small (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity is in the negative at -£6,400, and net current assets liabilities are also negative at -£6,400. Cash bank on hand remains steady at £110,000, but creditors have held steady at £130,000. Trade debtors are a modest £15,000. The lack of employees (zero reported) suggests a lean operation, and with no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial data indicates it's burning through cash, despite a steady stream of imports and online sales. Whether this is a temporary phase or a longer-term challenge remains to be seen—but for now, Its Souk Ltd is betting on its diverse product range and customer-focused approach to turn the tide.

Registered in England/Wales under the registration number 14821315, with a registered address at CM6 1UU, England, Great Dunmow, Essex, 1-3 High Street.

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