K1ng Business Limited

K1ng Business Limited is a small, active company based in Crewe, UK, founded five years ago in 2019. It’s a solo venture, run by a single director and owner, Sel Gokhan, and employs just one person. The company holds £8,078 in assets and operates from a real address. While it was previously known as Rainbow Fashion & Textile Limited, it now focuses on retail sales via mail order and the internet, alongside acting as agents for textiles, clothing, and related goods, as well as providing business and service support.

The company’s website, The King’s Trust International, doesn’t seem to reflect the business activities described in the financial reports. Instead, it’s a charitable organization dedicated to empowering young people worldwide, particularly those facing unemployment. The website details programs focused on education, employment, and enterprise, with a global reach spanning 20 countries. It’s clear the site is focused on fundraising and awareness, with prominent calls to donate and case studies highlighting the charity’s impact. There’s a lot of information about the organization’s history, its connection to King Charles III, and its various campaigns.

Financially, K1ng Business Limited presents a mixed picture. While current assets increased slightly to £8,100, net assets have significantly decreased to £140, representing a 57% drop. Bank borrowings have also decreased, but cash reserves have fallen to £1,100, a 3.8% drop. Creditors have increased by 44%, and tax liabilities have risen sharply by 77%. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, K1ng Business Limited seems to be facing financial pressures. The charitable website suggests a potential shift in focus or a separate venture, but the financial data indicates a company struggling to maintain its equity. It's possible the business is reinvesting heavily in its charitable work, but the sharp decline in equity raises concerns.

Registered in England/Wales under the registration number 12307306, with a registered address at CW2 7PY, England, Crewe, 102 Alton Street.

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