Qavun Ltd

Qavun Ltd is a small, active company based in London, UK, founded five years ago in February 2020. It operates with a single employee and holds £24,800 in assets. Registered at an address shared by 715 other companies, it’s likely a virtual address. The company is led by one director and one owner, Erdal Ecmel.

Qavun Ltd’s website, Qavunco, is currently “Opening Soon,” and invites visitors to enter a password and subscribe for updates. The site describes a store selling unspecified goods and promises subscribers will be notified. It’s a simple, bare-bones presence, suggesting a business in its early stages or undergoing a significant change. The site is powered by an unknown platform, and the “Follow Us” link opens in a new window.

Financially, Qavun Ltd presents a mixed picture. Cash bank on hand has decreased by 42% to £17,000, and current assets have fallen by 30% to £25,000. Creditors have remained relatively stable, but within-year creditors have increased by a substantial 430%. Equity has plummeted 180% to -£24,000, indicating significant losses. While trade debtors have increased by 23%, it’s not enough to offset the decline in overall assets. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the negative equity is a cause for concern. There's no auditor listed, which is common for small companies.

Overall, Qavun Ltd seems to be burning through money, with a significant drop in equity and cash reserves. The website's "Opening Soon" status suggests a potential shift in business strategy, but the financial data indicates a company struggling to maintain its footing. Management, with Erdal Ecmel at the helm, will need to address these challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 12451568, with a registered address at N5 2ER, United Kingdom, London, Office 403, Screenworks 22 Highbury Grove.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.