Sagargroup Ltd

Sagargroup Ltd from Harrow UK is a small, active company founded 16 years ago. With £43,361 in assets, it operates from a real address and is led by two directors and a single owner, who is also the solo founder. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Sagargroup Ltd engages in retail sales via mail order and internet, alongside management consultancy activities. It’s a private limited company registered in England/Wales with a registration number of 06737055. The company’s website is currently unavailable, so it's difficult to ascertain the exact nature of its e-commerce operations.

Financially, Sagargroup Ltd presents a mixed picture. Cash bank on hand has significantly increased by 590%, rising to £31,000, which is a positive sign. However, creditors have also increased by 28%, reaching £33,000. Current assets have improved by 78% to £43,000, but debtors have decreased by a substantial 39%, dropping to £12,000. Equity has seen a dramatic turnaround, jumping 850% to £10,000, reversing a previous loss. Despite this, net assets remain at £10,000. The company's accounts are "filleted," meaning they are simplified and unaudited, and were prepared using VT Final Accounts software.

The company's accounts show that it is applying FRS 102 accounting standards and has a statement that the company is entitled to exemption from audit. The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Mr Kautuk Prakashkumar Shah is the director.

While the company's financial turnaround is encouraging, the decrease in debtors could indicate potential issues with customer payments. The lack of employee data (zero reported) suggests a very lean operation.

Registered in England/Wales under the registration number 06737055, with a registered address at HA1 1BQ, England, Harrow, 2nd Floor Ashford House, 100 College Road.

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