Shaukat & Co Ltd

Shaukat & Co Ltd, based in London, UK, is a small, active company established 14 years ago. Employing 16 people and holding assets of £3,146,268, it operates from a virtual address and is led by a single director and owner. The business runs an e-commerce site and regularly imports and exports cotton products – 42 months of import activity and 51 months of export activity have been recorded.

The company's core business revolves around the wholesale of textiles, and it’s a regular importer and exporter of cotton products. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It's interesting to note that the address is probably virtual, as twenty companies are registered at the same location.

Financially, Shaukat & Co Ltd presents a mixed picture. Cash bank on hand increased by 9.5% to £2.3 million, which is a positive sign. However, creditors rose significantly by 47% to £320,000, suggesting increased short-term liabilities. Trade debtors also increased substantially, jumping 410% to £290,000, which could indicate challenges in collecting payments. Despite this, net assets remained relatively stable at £2.8 million. The company's retained earnings accumulated losses are also stable.

The lack of an auditor mentioned is likely due to its status as a small company. The figures rely on unaudited statements, which is common for companies of this size. Overall, Shaukat & Co Ltd seems to be navigating a period of change, with some areas of growth offset by increased liabilities.

Registered in England/Wales under the registration number 07578950, with a registered address at W12 8LE, London, Basement 32 Woodstock Grove.

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