Khattak Services Ltd

Khattak Services Ltd from Oldham, UK, is a small, active company founded seven years ago in 2017. Despite its active status, the company is currently overdue on its accounts for two years and confirmation statement for ten months. It’s a solo-founder operation with one director and owner, Zia Fatima, operating from a real address. The business operates in the retail trade of motor vehicle parts and accessories, retail sale via mail order houses or via internet, and taxi operation industries.

The company’s website, Khattak Memorial Surgery, primarily functions as an informational portal for patients. It’s not an e-commerce site; instead, it provides details about clinic services, opening times, and important announcements. The website prominently features links to the NHS App and Modality Partnership for appointment scheduling and clinic-related queries. It also includes news updates, such as a patient meeting and a new process for issuing death certificates. The site’s focus is on patient communication and access to healthcare information—a standard practice for GP surgeries.

Financially, Khattak Services Ltd presents a mixed picture. While bank borrowings have increased significantly to £50,000, cash reserves have surged to £48,000—a positive sign. However, net assets have plummeted to -£3,700, and liabilities have risen to £52,000. Accrued liabilities are at £450, and loans from directors are at £2,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the negative equity is concerning. Depreciation on computer equipment remains consistent, and the company utilizes Taxfiler software. The accounts are unaudited, and there’s no mention of an external auditor.

It seems Khattak Services Ltd is navigating a period of financial adjustment. The increase in borrowing and the negative equity suggest it’s potentially burning through cash to maintain operations. However, the substantial increase in cash reserves could indicate a recent influx of funds or a successful cost-cutting initiative. It’s difficult to say for sure without more detailed information, but the company’s future success will likely depend on its ability to manage its liabilities and generate sustainable profits.

Registered in England/Wales under the registration number 10980421, with a registered address at OL1 4AW, England, Oldham, Unit F15, Groundwork Buiding, Shaw Road.

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