Saamo Ltd

Saamo Ltd from Luton, UK, is a small, active company founded just two years ago. It’s a solo venture, run by a single director and owner, employing just one person and holding £200 in assets. The company’s yearly revenue sits at £1,907, operating from a real address in Luton.

Saamo Ltd specializes in retail sales via mail order and the internet, a niche within the broader retail sector. Its website, while minimal, suggests a focus on selling goods online. It’s a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees.

Financially, Saamo Ltd presents a picture of a very small operation. Current assets remain steady at £200, while cash on hand is also £100. The company reported a gross profit of £1,000 and operating profit of £830. However, net losses stand at -£830. Trade debtors are zero, and creditors are also zero. The lack of significant assets or debt suggests a very lean operation, but the negative profit indicates a need for increased sales or reduced expenses. The company is exempt from an audit, so the financial information is unaudited. The director, Nawaz Shahid, is responsible for the accounts. It's a bit strange that the company has such low revenue, but the business is still active.

Registered in England/Wales under the registration number 14249605, with a registered address at LU1 3EA, England, Luton, Unit 5 New Town Road.

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