Karat Traders Ltd

Karat Traders Ltd from Oldham UK: a small, active company founded seven years ago, employs four people, and holds £1,563,798 in assets. It's a solo-founded operation with a single director and owner, operating an e-commerce site and regularly importing jewelry, precious stones, and metals—a trend observed over the last four months. The company is registered at a real address, with only one other company registered there, suggesting a low-profile presence.

The company's website, Tea Traders Ltd, showcases a wide range of loose leaf teas, teawares, and afternoon tea experiences. It's a real passion project, with a focus on quality, community, and a touch of Welsh heritage. The website highlights a commitment to sourcing fine teas from around the world and providing a welcoming space for tea lovers to explore and discover. They even have a tea book download!

Financially, Karat Traders Ltd shows a mixed bag. Cash bank on hand dropped by 39% to £36,000, while bank borrowings decreased by 26% to £27,000. Creditors increased by 35% to £1,400,000, and trade debtors jumped a whopping 270% to £160,000. Equity, however, saw a significant boost, rising 98% to £110,000, likely due to retained earnings. The company's small size—meeting two of three criteria for being considered small—helps it remain flexible, but the increase in creditors could indicate a reliance on short-term financing. There's no auditor mentioned, which is common for companies of this size.

It seems like the company is doing well in sales, but needs to manage its debts. The tea business is a passion project, and the company's success will depend on its ability to maintain quality and customer satisfaction.

Registered in England/Wales under the registration number 11105323, with a registered address at OL9 6BX, England, Oldham, Lancashire, 92 Featherstall Road.

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