Kirens International Limited

Kirens International Ltd from Castleford UK: small company, holding company, active status, founded 21 years ago, 5 employees, £8,768,903 assets, real address, 2 directors, 2 owners. Regular importer of clothing and accessories, not knitted or crocheted (610 months imported). Regular exporter of clothing and accessories, not knitted or crocheted (15 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of clothing and footwear industries. Officially, it has two owners or PSCs, two directors, and five employees.

The company’s website, kirensglobal.com, is currently under construction, with a simple message: "Well be here soon with our new awesome site, subscribe to be notified." This suggests a period of transition or a planned upgrade, but it also limits the information available about their specific operations beyond the import/export activities. It's a bit strange, though, that a company with such a large asset base doesn’s have a fully functional website.

Financially, Kirens International Ltd presents a mixed picture. While assets remain substantial at £8,768,903, there are concerning trends. Cash reserves have plummeted by 63%, dropping to £940,000, and net losses have deepened significantly, with comprehensive income expenses declining by 61% to £120,000. Bank borrowings have also been reduced, but the sharp decline in cash and the increase in net losses suggest the company is burning through money. Trade debtors have increased by 16%, which could be a sign of delayed payments from customers, and creditors have decreased by 5%, which is a positive sign. The company’s small size helps it stay agile, but the equity drop raises questions. With no auditor mentioned, the figures rely on unaudited statements.

In short, Kirens International Ltd is facing financial headwinds. While its import/export activities continue, the company needs to address its declining cash reserves and increasing losses to ensure long-term sustainability.

Registered in England/Wales under the registration number 05105000, with a registered address at WF10 1EN, Castleford, West Yorkshire, Denim House, 32a Albion Street.

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