Maskor Ltd

Maskor Ltd from London UK: a small, active company founded six years ago, employs just one person, and holds £709,007 in assets. It operates from a virtual address, is managed by two directors, and owned by Imran Sumaira, who also serves as the solo founder. The company regularly imports basic metal tools and utensils, with 64 months of import activity recorded.

The company’s website is currently under construction, displaying a simple "Sorry, we're doing some work on the site" message. It seems they are temporarily pausing operations to improve their online presence—a common occurrence for small businesses.

Financially, Maskor Ltd presents a mixed picture. While current assets increased by 59% to £710,000, net assets only rose by 43% to £7,500. Bank borrowings increased significantly, and cash reserves are at £76,000, a substantial increase. Creditors also rose by 59% to £700,000. Operating profit loss, however, plummeted by 88% to just £2,900. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the sharp decline in profits is a concern. The accounts are unaudited, and no auditor is mentioned.

Overall, Maskor Ltd seems to be navigating a period of transition. The increase in creditors suggests they may be investing in growth, but the significant drop in profit raises questions about their ability to sustain that growth.

Registered in England/Wales under the registration number 11814684, with a registered address at EC2A 4NE, United Kingdom, London, 3rd Floor 86-90 Paul Street.

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