Nazia Memon Ltd

Nazia Memon Ltd from Coulsdon UK is a small, active company founded five years ago on February 12, 2020. It’s a solo founder operation with one director and owner, registered at a real address and operating an e-commerce site. The company's status is active, and it meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's website, Nazia Memon, appears to focus on retail sales via mail order and the internet. It’s a relatively small operation, with no employees reported and a focus on providing a curated selection of products online. While the specific product range isn't immediately clear, the site’s presence suggests a direct-to-consumer business model.

Financially, Nazia Memon Ltd’s recent performance shows some concerning trends. Cash reserves have increased significantly, jumping 63,000% to £630, but net assets have plummeted 55,000% to -£550. Trade creditors have also increased, rising to £1200, while loans from directors are at £1200. The company’s small size helps it stay nimble, but the significant drop in equity suggests it’s burning through cash faster than it’s generating revenue. The accounts are described as “filleted” and unaudited, and there’s no mention of an auditor. It’s important to note that the company’s financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A – Small Entities.

Overall, Nazia Memon Ltd is a small e-commerce business facing financial headwinds. While the company's online presence is established, the negative equity and increased borrowing suggest it needs to carefully manage its cash flow to ensure its long-term viability.

Registered in England/Wales under the registration number 12459435, with a registered address at CR5 2DB, England, Coulsdon, 11 Malcolm Road.

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