Kandara Oils Ltd

Kandara Oils Ltd, based in Salford, UK, is a small, active company founded four years ago. With three employees and £78,950 in assets, it’s a family business boasting a perfect 5.0 Google rating from 29 reviews. The company operates in the retail sale via mail order houses or via internet industries. It has two directors and two owners, and is a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company's website is not available, so it’s difficult to know the specifics of their online presence. However, the description suggests they likely operate an e-commerce store or primarily sell through mail order.

Financially, Kandara Oils Ltd appears to be facing some challenges. While current assets remained relatively stable at £79,000, net assets have significantly decreased to -£36,000. Bank borrowings remained unchanged at £1,400, but cash reserves have fallen by 33% to £960. Trade debtors have increased by 15% to £16,000, and creditors have risen by 36% to £120,000. The number of employees has also decreased significantly, dropping 67% to just one. The lack of an auditor is not unusual for a small company.

These figures suggest the company may be burning through cash, potentially due to increased costs or slower sales. However, the rise in trade debtors could also indicate a strategy of offering more credit to customers. It’s also possible that the company is investing in growth, which could temporarily impact its financial performance.

Registered in England/Wales under the registration number 12676219, with a registered address at M6 8ET, United Kingdom, Salford, Greater Manchester, 2 Vauban Drive.

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