Shakil Traders Limited

Shakil Traders Limited is a small, active company based in London, UK, founded four years ago in 2021. With just £1,985 in assets and a real registered address, it's a solo-founded operation run by a single director and owner, Khan Shakil. The business operates an e-commerce site and is an irregular importer of edible fruits and nuts, with just one month of import activity recorded as of June 2024. The company’s activities include wholesale of fruit and vegetables, and wholesale of other food, including fish, crustaceans and molluscs.

While the company has a website, details about its specific online operations are limited. It appears to be primarily focused on import and wholesale activities, leveraging an e-commerce platform to facilitate sales.

Financially, Shakil Traders Limited presents a mixed picture. Current assets have seen a significant increase, jumping 200% to £2,000, while net assets have improved dramatically, rising 160% to £1,700. However, cash reserves have decreased by 34%, falling to £440. Creditors have also increased substantially, with ‘within one year’ creditors skyrocketing by 1300%, reaching £1,300. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increase in creditors should be monitored. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s reliance on a single import category, Edible Fruits and Nuts, and its limited import activity could make it vulnerable to supply chain disruptions. The increase in creditors suggests a need to manage payment terms effectively. Despite these challenges, the company’s improved net assets and current assets indicate a potential for growth, although it is important to watch the cash position closely.

Registered in England/Wales under the registration number 13318529, with a registered address at E14 4QZ, England, London, 25 Cabot Square C/O Eastern Accountants.

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