Silk Routes Limited

Silk Routes Limited, based in West Wickham, UK, is a small, active company founded 14 years ago in 2010. With a single employee and £16,908 in assets, it’s a solo founder operation managed by one director and owner, Hossain Arif. The company operates in the agents involved in the sale of textiles, clothing, fur, footwear and leather goods industries. It’s a regular importer, specializing in clothing and accessories made by knitting or crocheting, with four months of import activity recorded, the latest in July 2024.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond its import activities. It’s unclear if Silk Routes Limited operates an e-commerce site or primarily functions as a wholesale agent.

Financially, Silk Routes Limited’s recent report reveals a mixed picture. While bank borrowings decreased by 25%, cash reserves dropped significantly by 64%, leaving only £2,900 on hand. Creditors increased by 95%, reaching £10,000, and trade debtors rose by 66%, suggesting a reliance on customer payments. Equity, however, saw a dramatic increase of 430%, reaching £420—a positive sign of retained earnings. Despite the small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees), the decline in cash and increase in creditors raise concerns. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Silk Routes Limited appears to be navigating a challenging period. The increase in equity is encouraging, but the company needs to manage its cash flow and customer payments to ensure its long-term viability.

Registered in England/Wales under the registration number 07287895, with a registered address at BR4 9JB, England, West Wickham, Kent, 2a Coney Hall Parade, Kingsway.

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