Kinno Ltd

Kinno Ltd from Chessington UK is a small, active company founded five years ago in 2019. It’s a solo founder operation with one employee and £36,879 in assets, operating from a real address in Chessington Business Centre. The company is managed by a single director and owner, Ha Daeho. It runs an e-commerce site and irregularly imports miscellaneous manufactured goods – just one month's worth as of December 2023.

The website, helloK, positions itself as the first Korean-based K-culture shop in the UK, aiming to satisfy fans with trendy products at affordable prices. It sells a wide range of items, from BT21 merchandise and Kpop photocards to phone cases and acrylic stands, catering to fans of groups like BTS, Blackpink, Seventeen, and more. The site also offers free shipping over £29 and boasts global shipping options.

Financially, Kinno Ltd presents a mixed picture. Cash bank on hand has dropped significantly by 61%, falling to £7,300. Creditors have increased by 77%, reaching £88,000, while current assets have risen by 41% to £37,000. However, retained earnings and accumulated losses have deepened, resulting in a net asset liability of -£51,000. Trade debtors have plummeted by 99%, leaving just £42, and total inventories have exploded by 1000%, reaching £30,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the substantial increase in liabilities and the drop in cash reserves suggests potential financial pressures. The accounts are unaudited and described as "filleted," meaning they are simplified due to the company's size.

While the e-commerce site appears vibrant and well-stocked, the financial data indicates a company burning through cash. Whether this is a temporary phase or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 12337142, with a registered address at KT9 1SD, England, Chessington, Suite 41, Chessington Business Centre, Cox Lane.

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