Saddiq Group Ltd

Saddiq Group Ltd is a small, active company based in Leeds, UK, founded four years ago in 2020. It employs just one person and holds £1,052 in assets, operating from a real address. Led by a single director and owner – the solo founder – the company's activities encompass retail sales via mail order and internet, along with warehousing and storage for land transport.

The company's website paints a picture of a dynamic corporation with interests spanning telecommunications, construction, power, hotels, electronics, fashion, rentals, services, and trading. It highlights brands like Apple HUB, Sadiq Resort, and Poojas Fashion, suggesting a diverse portfolio. The site also emphasizes a commitment to innovation, sustainability, and customer satisfaction, offering services like investment planning and business consulting. It's a bit confusing, to be honest.

Financially, Saddiq Group Ltd is facing some challenges. Current assets have fallen by a significant 34%, dropping to just £1,100, and net assets have plummeted 250% to -£780. Cash bank on hand has also decreased by 34% to £1,100. While creditors remain stable, the sharp decline in equity is a cause for concern. The company meets the criteria for a small business, with turnover likely under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted" and unaudited, and HLA Accountants is listed as the entity's accountants.

It seems like the company is burning through cash, and it's likely struggling to generate profits. The lack of employees and the reliance on a single founder could be contributing to these issues. Hopefully, the company can turn things around, but for now, it’s facing a tough road ahead.

Registered in England/Wales under the registration number 12740723, with a registered address at LS3 1DT, United Kingdom, Leeds, West Yorkshire, 8 Woodsley Road.

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