Sohal International Ltd

Sohal International Ltd, based in Nottingham, UK, is a small, active company founded nine years ago. Despite its active status, the company faces some challenges, with accounts overdue for a year and confirmation overdue by eleven months. Employing five people, it holds assets valued at £236,687 and operates from a virtual address, registered to 92 other companies, which is a bit unusual. The business is led by a single director and owner, who also acts as the solo founder. It regularly imports clothing and accessories, excluding knitted or crocheted items, with its last import operation recorded twenty-one months ago.

The company's website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if they operate an e-commerce platform or primarily engage in wholesale activities.

Financially, Sohal International Ltd presents a mixed picture. While current assets decreased by 62% to £240,000, cash reserves experienced a dramatic 1000% increase to £14,000. Bank borrowings remained stable at £100,000, but creditors decreased by 13% to £860,000. Equity, however, took a significant hit, dropping 88% to -£580,000. Trade debtors saw a substantial increase of 650%, reaching £150,000. The company’s small size, meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), allows for agility, but the large equity decline is concerning. The lack of an auditor mentioned suggests the company is exempt from an audit.

In conclusion, Sohal International Ltd appears to be navigating a period of financial adjustment. While cash flow has improved, the decline in equity and the large increase in trade debtors raise questions about its long-term sustainability. The virtual address and the lack of a readily available website add to the complexity of assessing its overall health.

Registered in England/Wales under the registration number 09834011, with a registered address at NG1 4JA, England, Nottingham, Nottinghamshire, 29 Arboretum Street.

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