Sq Direct Uk Ltd

Sq Direct Uk Ltd is a small, active company registered in London, UK, founded four years ago in September 2020. It employs just one person and has a real address at 62 Hockley Avenue, E6 3AN. The company is led by a single director and owner, Qureshi Salman Islam, who also acts as the solo founder. Sq Direct Uk Ltd operates in the retail sector, specifically the retail sale via mail order houses or via internet, and the other retail sale in non-specialised stores.

The company’s website is currently unavailable, making it difficult to assess its online presence and specific product offerings. Without a functioning website, it’s impossible to determine if Sq Direct Uk Ltd is primarily an e-commerce business, or if it utilizes other sales channels.

Financially, Sq Direct Uk Ltd presents a concerning picture. While classified as a small company (meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its net assets have steadily declined, currently sitting at -£2,200. This means the company owes more than it owns. Bank borrowings have increased, and cash reserves are dwindling. Creditors have also risen, suggesting potential difficulties in managing short-term debts. The company’s accounts are unaudited and described as "filleted," meaning they’ve been simplified to meet the requirements for small companies. There's no auditor mentioned, which is typical for companies of this size. The accounts were prepared using Taxfiler software.

Overall, Sq Direct Uk Ltd appears to be struggling financially. The negative equity and rising debts suggest the company is burning through money. While the solo founder model can offer agility, it also places a heavy burden on a single individual. Whether the company can turn things around will depend on its ability to generate sufficient revenue and manage its expenses effectively.

Registered in England/Wales under the registration number 12875301, with a registered address at E6 3AN, England, London, 62 Hockley Avenue.

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