Ottoman Touch Ltd

Ottoman Touch Ltd is a small, active company based in London, UK, founded five years ago in 2020. With just one employee and £5,040 in assets, it operates as an e-commerce site specializing in textiles and decorative objects. The company has a real registered address, though 715 other companies also use it, suggesting a virtual address. It’s run by one director and owner, Ulker Gonca.

The website showcases a range of products including cushions, tapestries, and handwoven textiles, all reflecting Ottoman Empire historical importance. It’s clear they’re aiming for a high-end market, emphasizing bespoke services and unique, authentic items. The site highlights the history of Ottoman textile production and the company’s commitment to British craftsmanship.

Financially, Ottoman Touch Ltd is facing some challenges. Current assets have plummeted by a staggering 82%, falling to just £5,000. Bank borrowings have increased significantly, and cash reserves are down 94%, leaving just £1,100. Equity has also taken a hit, dropping 96% to a mere £43. Creditors have remained relatively stable, but the sharp decline in assets and cash is concerning. The company’s small size (meeting two of three criteria for being a small company) helps it remain agile, but the significant drop in equity raises questions about its financial health. There’s no mention of an auditor, likely due to its small size.

Overall, Ottoman Touch Ltd appears to be a small business struggling to maintain its financial footing, despite a well-curated website and a focus on high-quality, unique products. It’s possible the company is reinvesting heavily in inventory or marketing, but the decline in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 12422550, with a registered address at N15 5EA, England, London, 151 West Green Road.

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