Km Traders Ltd

Km Traders Ltd, based in Ilford, UK, is a small, active company founded nine years ago in 2016. With two employees and £125,827 in assets, it’s a modest operation managed by two directors and a single owner, who also serves as the solo founder. The company’s registered address is real, with only two other businesses sharing the same location. It’s an irregular importer, primarily dealing in wood and wood products, with just one month of import activity recorded as of August 2022.

The company operates in both the retail trade of motor vehicle parts and accessories, and the wholesale of textiles industries. It’s website is not available, so it’s hard to know if they operate an ecommerce site.

Financially, Km Traders Ltd shows a mixed picture. Current assets decreased by 15%, falling to £130,000, while net assets took a significant hit, plummeting 2000% to -£42,000. Bank borrowings decreased by 31%, dropping to £9,000, and cash reserves fell 69%, leaving just £12,000. Creditors increased by 5%, reaching £86,000, and trade debtors ballooned by 110%, rising to £9,200. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, so the accounts are unaudited.

The company’s financial health is concerning, with significant losses and dwindling cash reserves. It's possible that the company is burning through money, but it could also be a temporary setback. The irregular import activity suggests a fluctuating revenue stream, which may be contributing to the financial instability.

Registered in England/Wales under the registration number 09973944, with a registered address at IG6 2QH, England, Ilford, 90 Tomswood Hill.

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