Soydan Ltd

Soydan Ltd is a small, active company based in London, UK, founded just one year ago in July 2023. With a real address and a single director and owner (solo founder), it employs just one person and holds £3,129 in assets. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is currently unavailable, making it difficult to assess its online presence and specific offerings. It’s unclear if Soydan Ltd has a dedicated e-commerce platform or utilizes third-party marketplaces. Without a website, it’s hard to determine the scale of its operations and target audience.

Financially, Soydan Ltd appears to be in a very early stage, with limited resources. Cash bank on hand remains steady at £1,500, but creditors are at £1,400, and debtors are at £170. Equity is at £1,600. While the company meets two of three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the low asset base and reliance on short-term borrowing suggest a delicate financial position. The accounts are described as "filleted" and unaudited, which is common for small companies. It’s worth noting that the company’s short-term creditors are measured at transaction price, and its loans are measured at amortised cost.

The company’s director, Ovunc Soydan Buse, is responsible for ensuring compliance with the Companies Act. The lack of substantial cash reserves and the reliance on short-term financing could indicate that Soydan Ltd is burning through money. It’s possible that the company is still in a growth phase, reinvesting profits back into the business. However, without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 15011402, with a registered address at N15 5EA, England, London, 151 West Green Road West Green Road.

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