Kanda Gold Ltd

Kanda Gold Ltd from Wolverhampton UK: a small, active company founded 11 years ago, employs three people, and holds £2,829,577 in assets. It has a real address, two directors, and one owner. The company is an irregular importer of jewelry, precious stones, and metals, with just one month of import activity recorded as of October 2021.

The company operates in the retail sale of watches and jewellery in specialised stores, as indicated by its filings. While no website is available to analyze, this suggests a traditional brick-and-mortar business or a limited online presence. It’s likely the company relies on local sales and perhaps some wholesale relationships.

Financially, Kanda Gold Ltd presents a mixed picture. Current assets have increased by a significant 46%, reaching £2.8 million, which is a positive sign. However, net assets have also risen by 44% to £2.5 million, and retained earnings have increased by 44% too. Cash bank on hand has seen a massive surge of 720%, jumping to £760,000. Trade debtors have decreased significantly, falling by 66%, which is good for cash flow. However, creditors have increased by 64%, and taxation social security payable has also risen by 78%. 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 and taxes could indicate a need for better financial management. No auditor is mentioned, which is typical for small companies.

Overall, Kanda Gold Ltd appears to be in a relatively healthy position, with strong asset growth and a substantial cash reserve. However, the increase in liabilities warrants monitoring. The company’s irregular import activity suggests a specialized sourcing strategy, and its focus on retail sales indicates a customer-centric approach.

Registered in England/Wales under the registration number 08678861, with a registered address at WV2 3AY, Wolverhampton, West Midlands, 394 Dudley Road.

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