Sms Direct Ltd

Sms Direct Ltd from Bradford UK: a small, active company founded three years ago, employs one person, and holds £2,036 in assets. It’s led by a solo founder who also serves as director and owner, alongside one other owner. The company’s registered address is real, with only one other business registered there.

The company operates in the retail sale via mail order houses or via internet industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website is currently unavailable, making it difficult to assess its e-commerce activities.

Financially, Sms Direct Ltd shows a mixed picture. Current assets increased slightly to £2,000, but net assets decreased significantly to -£16,000. Cash on hand improved by 34% to £1,000, but creditors rose sharply by 84% to £18,000. Loans from directors also increased by 89% to £18,000. The company’s equity is negative, indicating it’s burning through money. The accounts are described as “filleted” and unaudited, and prepared by AK Accountants. It's a bit concerning that the company's retained earnings and accumulated losses have grown so much. The director, Khan Shawaiz, seems to be carrying a lot of the financial burden.

Registered in England/Wales under the registration number 13610095, with a registered address at BD7 1QP, England, Bradford, 185 Dirkhill Road.

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