Khair Limited

Khair Limited, based in Leicester, UK, is a small, active company founded six years ago in 2018. It’s a solo-founded operation with one director and owner, Ibrahimi Taqi. The company holds £42,509 in assets and operates from a real address, with only one other company registered at the same location. Khair Limited regularly imports textile padding, felt, and nonwoven fabrics, special yarns, and ropes and cables – a total of five months of import activity, the last recorded in March 2023.

The company’s business activities are diverse, encompassing wholesale trade of motor vehicle parts and accessories, retail trade of motor vehicle parts and accessories, wholesale of other food (including fish), and wholesale of textiles industries. It’s a bit of a mix, really. While there’s no dedicated website listed, this suggests a business primarily operating through trade channels rather than direct consumer sales.

Financially, Khair Limited presents a mixed picture. Current assets have decreased by 33%, falling to £43,000, while net assets have plummeted 150%, landing at -£73,000. Bank borrowings remain steady at £42,000, but cash reserves have taken a significant hit, decreasing by 170% to -£8,800. Creditors have increased, with both short-term and long-term obligations rising. The company’s small size – meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees) – helps it maintain flexibility, but the substantial decline in equity is concerning. There’s no auditor mentioned, which is typical for small companies exempt from an audit.

The company's retained earnings have also seen a big drop, which could be a sign that it’s burning through cash. It's a bit worrying, really. The increase in creditors also suggests it might be relying on credit to keep things running.

Registered in England/Wales under the registration number 11572794, with a registered address at LE3 1BB, Leicester, 27 Bewicke Road.

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