New Sonargaon Ltd

New Sonargaon Ltd, based in London, UK, is a small, active company founded eight years ago. It employs a single person and holds £12,650 in assets, operating from a real address. The company is led by one director and owner, Uddin Md Arif. It functions as an irregular importer, primarily bringing in clothing and accessories (not knitted or crocheted), with just two months of import activity recorded as of November 2022. The company operates in wholesale of clothing and footwear, wholesale of household goods, and retail of flowers, plants, and pet supplies.

The company’s website, Sonargaon Restaurant, reveals a different facet: a Bangladeshi buffet restaurant in Whitechapel, London. The site heavily promotes online ordering and reservations, showcasing a menu of Indian dishes and emphasizing customer service. It even has a section for allergy information, a testament to its commitment to catering to diverse needs. The restaurant’s website and online presence suggest a focus on local clientele and a desire to provide a quality dining experience.

Financially, New Sonargaon Ltd presents a mixed picture. While cash reserves increased by 140% to £3,700, net assets declined by 9.9% to -£47,000. Bank borrowings decreased by 22% to £22,000, and debtors skyrocketed by 1200% to £4,000, which could indicate a recent surge in sales but also potential collection issues. Creditors also increased by 62% to £39,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the significant equity decline warrants closer attention. No auditor is mentioned, consistent with its status as a small, exempt company.

In essence, New Sonargaon Ltd seems to be navigating a challenging financial landscape, while its restaurant business appears to be actively engaged in attracting customers and building a local presence. Whether the import business and the restaurant can mutually support each other’s growth remains to be seen.

Registered in England/Wales under the registration number 10625995, with a registered address at E12 6BT, United Kingdom, London, Unit 2e, 736-740 Romford Road.

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