Okzam Limited

Okzam Ltd, based in Liverpool, UK, is a small, active company founded 14 years ago. It employs just three people and holds £164,004 in assets, operating from a virtual address shared by 118 other companies. The company is run by a solo founder and director, Zambak Oktay, and boasts a respectable 4.0 Google rating from seven reviews. It’s a regular importer of electrical machinery and equipment, with 34 months of import activity recorded, the last in August 2023.

The company’s website is not available, so it's difficult to understand the exact nature of its operations. However, the report indicates it operates in the retail trade of motor vehicle parts and accessories industries. This suggests a potential focus on supplying components or accessories to garages, dealerships, or individual vehicle owners.

Financially, Okzam Ltd shows a mixed picture. Current assets have fallen by 17% to £160,000, while net assets have dropped by 44% to £18,000. Bank borrowings are not mentioned, but cash reserves have fallen 5% to £450. Creditors have also decreased by 11%, which could be a positive sign of improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in net assets raises some concerns. Director remuneration has also decreased significantly, by 80%, to just £3,000. As a small company, Okzam Ltd is exempt from an audit, so the figures are unaudited.

Overall, Okzam Ltd appears to be navigating a challenging financial environment. While its import activity remains consistent, the decline in assets suggests potential pressures on its business model. Whether it can maintain its position in the competitive motor vehicle parts and accessories market remains to be seen.

Registered in England/Wales under the registration number 07349553, with a registered address at L3 9HF, England, Liverpool, C/O Williamson Croft (Liverpool) Limited 1 Old Hall Street, First Floor.

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