Sorung Ltd

13821555, based in Croydon, UK, is a small, active company founded three years ago in December 2021. It’s a solo operation, employing just one person and operating from a virtual address shared by sixty-four other companies. The company has two directors and two owners, Gul Naseeb and Khan Muhammad Masood. It runs an e-commerce site, likely focused on selling springs and related products.

The website, Springmasters, showcases a vast inventory of springs, wire forms, and fasteners—everything from compression springs to hose clamps. It caters to both stock items and custom orders, emphasizing quality and British craftsmanship. The site even mentions a partnership with Aczone Consultants Ltd, which seems to be linked to the virtual address. It's a pretty comprehensive offering, and they seem to be targeting industrial and commercial clients.

Financially, 13821555 presents a mixed picture. Current assets have jumped a whopping 9,900% to £6,900, while cash reserves have also increased significantly to £410. However, net assets have plummeted 100% to just £1, a worrying sign. Creditors have soared by 2,700% to £6,900, and trade debtors have risen to £1,000. Bank borrowings have decreased by 200% to £100. It's a bit of a rollercoaster. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, prepared using Taxfiler software, don’t mention an auditor.

The significant increase in liabilities alongside a drop in equity suggests the company is relying on credit to keep operations running. Perhaps they’re investing in inventory—total inventories have increased to £5,500—or expanding their custom spring offerings. It’s hard to say for sure, but the company’s financial health seems precarious.

Registered in England/Wales under the registration number 13821555, with a registered address at CR0 1BJ, England, Croydon, 131 South End, C/O Aczone Consultants Ltd.

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