Sooq Ltd

Sooq Ltd from Leeds UK: small company, active status, founded 4 years ago, 1 employee, £6,461 assets, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 30 employees. The company has been active since its incorporation on January 4, 2021, and operates from a real address at 18 Highfield Crescent, Leeds. Officially, it has one owner, one director, and a single employee.

The company’s website, RubbingBoatFenderingRigidPVCMarineD ProfilesRubbingstrake Souq Ltd, suggests a focus on marine supplies, specifically rigid PVC profiles, rubbing strake, and boat fenders. This indicates a retail sale via mail order houses or via internet industries. It's a niche market, and the name suggests a specialized offering, likely catering to boat owners and marine professionals. The website’s URL hints at a focus on durable, high-quality materials for boat protection and maintenance.

Financially, Sooq Ltd presents a mixed picture. Cash bank on hand has seen a remarkable surge, increasing by 380% to £6,500, which is good news. However, net assets have plummeted by -610% to £2,500, a significant downturn. Creditors have also risen by 110% to £3,900. Trade debtors have increased by 97% to £2,900. The company’s small size helps it stay nimble, but the decrease in equity raises questions. The accounts are “filleted,” meaning they are exempt from a full audit, and rely on director-reported data. It's a bit worrying, but the increase in cash is a positive sign.

Registered in England/Wales under the registration number 13130596, with a registered address at LS12 4DA, England, Leeds, 18 Highfield Crescent.

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