One Sooq Ltd

One Sooq Ltd from London UK: a small, active company founded five years ago, boasts £2,897 in assets, operates from a real address, and is managed by one director and one owner, running an e-commerce site. The company is a small business, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s been active since its incorporation on December 03, 2019.

The company’s website showcases a diverse range of products, from bikes and books to fragrances and food—catering to a broad customer base. It appears to be a fully functional e-commerce platform, with clear product listings, a shopping basket, and a secure checkout process. The site emphasizes a "welcome to our site" message, with customizable text, and highlights featured categories like bikes, books, and fragrances. It also offers a range of brands, including Barbican Malt Drink, Fragrance of Arabia, and Kube Publications. A notable feature is the inclusion of Islamic-focused products, such as books on Islamic life and Ruqyah Centre products.

Financially, One Sooq Ltd presents a mixed picture. Current assets have increased by a significant 95% to £2,900, while equity has also grown substantially to £2,100. However, bank overdrafts remain steady at £190, and creditors have doubled to £840. Cash bank on hand has increased by 18% to £1,800. The company’s small size helps it remain nimble, but the rise in creditors suggests a need to manage short-term liabilities. The lack of employee data (zero reported) points to a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, One Sooq Ltd seems to be a small e-commerce business navigating the challenges of growth. While the increase in assets and equity is positive, the rise in creditors warrants attention. It’s clear the company is focused on a niche market, offering a unique blend of products and brands—but whether it can sustain this growth long-term remains to be seen.

Registered in England/Wales under the registration number 12346066, with a registered address at E2 9RF, England, London, 274 Poyser St Poyser Street.

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