Kugans Ltd

Kugans Ltd from Ilford UK: small company, active status, founded 4 years ago, 6 employees, £6,374 assets, real address, 2 directors, 1 owner, solo founder, e-commerce site. Kugans Ltd is a small, active company based in Ilford, UK, operating an online supermarket specializing in Indian and Asian groceries. Founded four years ago, the company employs six people and holds a modest £6,374 in assets, with a real registered address at 273-275 Ilford Lane. It’s a solo-founded operation managed by two directors and a single owner.

The company’s website, Kugans.com, showcases a vast selection of products, from rice and flour to spices, sweets, and fresh produce. It emphasizes value packs, trending items, and convenient delivery options. The site also features a dedicated section for European food, frozen foods, and PPE, suggesting a broader range of offerings beyond its core Indian and Asian grocery focus. The website has a very good layout, and it’s easy to navigate.

Financially, Kugans Ltd presents a mixed picture. While the company’s net assets increased by 190% to £12,000, current assets dipped slightly to £6,400. Cash bank on hand also increased by 9.2% to £6,400. However, creditors surged by 260% to £7,100, and other creditors ballooned by 470% to £5,000. Other taxation social security payable increased by 730% to £1,100. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the increase in creditors suggests a need for careful cash flow management. With no auditor mentioned, the figures are unaudited.

The company’s growth in assets and cash, despite rising debts, hints at a potentially successful e-commerce operation. However, the substantial increase in creditors raises concerns about its ability to manage short-term obligations. It seems that the company is burning through money, and it’s a little bit worrying.

Registered in England/Wales under the registration number 12822839, with a registered address at IG1 2SD, England, Ilford, 273-275 Ilford Lane.

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