Samsan Ltd

Samsan Ltd from Glasgow UK: small company, active status, founded 6 years ago, 5 employees, £80,113 assets, real address, 2 directors, 1 owner. Regular importer of essential oils and perfumes (20 months imported). It’s a small business, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company operates in the “other service activities n.e.c.” industries.

The company’s website reveals a surprising scope beyond its Glasgow base. Samsan Group, as it’s called, is a global operation with roots in India dating back to 1989. It’s involved in mining, international trading, engineering, ferroalloys, steel, and chemical projects. The website highlights a diverse product range, including minerals, alloys, coke, and coal—a far cry from the essential oils and perfumes imported by Samsan Ltd. The group emphasizes its entrepreneurial spirit and commitment to growth, with a vision to be a top diversified company.

Financially, Samsan Ltd’s picture is mixed. While current assets increased slightly to £80,000, net assets declined to -£36,000, indicating accumulated losses. Bank borrowings have surged to £310,000, while cash reserves remain relatively stable at £72,000. Creditors also increased significantly, reaching £350,000. The company’s average number of employees has risen to 7, suggesting some growth, but the substantial losses and increased debt raise concerns. The unaudited accounts, prepared using Taxfiler software, don’t mention an auditor. The significant increase in loans from directors, from Sahand Amdjadi and Lesley Tang, may be a sign of investment to fuel growth or a need to cover losses.

Registered in Scotland under the registration number SC605170, with a registered address at G41 3YH, Scotland, Glasgow, 1143 Pollokshaws Road.

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