Kinara International Limited

Kinara International Ltd from London UK: a small holding company with an active status, was founded seven years ago. With six employees and £941,759 in assets, it operates from a virtual address – a detail worth noting as sixty companies share the same location. The company has two directors and one owner, and runs an e-commerce site. It regularly imports leather goods, travel bags, and animal harnesses (last import in April 2022), and exports miscellaneous chemical products (last export in February 2022).

The company is a small entity, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It operates in the non-specialised wholesale trade industries. The address is probably virtual as sixty companies registered at the address.

Looking at the financials, Kinara International Ltd has experienced a significant shift. Current assets have dropped by a substantial 59%, falling to £610,000, while net assets have plummeted 230% to -£460,000. Cash reserves have also taken a hit, decreasing by 30% to £98,000. Bank borrowings have increased, reaching £890, while trade debtors have fallen by 30%. It’s interesting to note that creditors have also decreased by 18%, suggesting some improvement in debt management. The company’s small size helps it stay agile, but the sharp decline in equity raises concerns. The company’s development costs capitalised development expenditure has also decreased by 16%.

It's worth mentioning that the company has invested in unlisted non-traded companies, and its financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Registered in England/Wales under the registration number 11204753, with a registered address at NW4 3LH, England, London, Office 4 Prospect House, 399 Hendon Way.

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