Outsource Turkey Ltd

Outsource Turkey Ltd from London UK is a small, active company founded four years ago in 2020. With a single employee and £224,079 in assets, it operates from a virtual address – a point to note as 752 companies share the same location. The business is led by a solo founder and director, Bayrakceken Ekrem Kursat. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of October 2023.

The company’s activities span retail sales via mail order and internet, management consultancy, and providing other business support services. It’s a bit of a mixed bag, really. While the website isn’t available, it’s clear the company is trying to offer a range of services.

Financially, Outsource Turkey Ltd presents a complex picture. Cash bank on hand has seen a remarkable 930% increase to £110,000, a really good sign. However, net assets liabilities remain at -£41,000, and bank overdrafts are steady at £730. Creditors have jumped 130% to £270,000, and trade debtors have decreased by 23% to £27,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity suggests it’s burning through cash, although the increased cash reserves might indicate a recent influx of funds. The accounts are unaudited and filed as "Filleted Accounts," meaning they're simplified and rely on director-reported data.

Despite the mixed financials, Outsource Turkey Ltd appears to be holding its own, navigating a competitive market with a diverse range of services.

Registered in England/Wales under the registration number 13048780, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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