Metafar Ltd

Metafar Ltd is a small, active company based in Epping, UK, founded five years ago in November 2019. The company, with £70,317 in assets, operates from a real address and is led by a single director and owner, Ceyhan Tuncay, who also serves as the solo founder. It’s a private limited company registered in England/Wales.

Metafar Textile, as its website reveals, specializes in home textiles, offering a range of products including bed sheet sets, duvet covers, pillows, and curtains. The company operates both wholesale and online sales, boasting a 2000 square meter warehouse in London Epping. Its motto is "high quality and affordable price," and it caters to both individual consumers and businesses, offering private label production and wholesale discounts. The website emphasizes quality, sustainability, and on-demand production, and even features testimonials from satisfied customers—interior decorators and engineers alike.

Financially, Metafar Ltd presents a mixed picture. Cash bank on hand surged an impressive 4700%, jumping to £15,000, while bank borrowings decreased by 14% to £35,000. However, creditors increased significantly, rising 78% to £88,000, and net assets declined to -£61,000. Trade debtors decreased by 55%, suggesting improved collection of payments, but total inventories ballooned by 1900% to £44,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted" and unaudited, with no auditor mentioned.

Overall, Metafar Ltd seems to be navigating a period of change. While cash flow has improved, rising creditors and a negative equity position suggest the company is burning through money. The focus on wholesale and private label production could be a strategy to boost revenue and offset these challenges, but it remains to be seen if it will be enough to ensure long-term financial stability.

Registered in England/Wales under the registration number 12325519, with a registered address at CM16 4BL, England, Epping, Unit 3 Rear Of 225 High Street.

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