Sultan Est Ltd

Sultan Est Ltd, a small, active company based in London, UK, was founded eight years ago in 2016. The company, with just one employee and £57,096 in assets, is run by a solo founder who also serves as its director and owner. Accounts are three years overdue, and confirmation statements are two years behind, which isn't ideal. It operates in the retail sale via mail order houses or via internet industries.

The company's website is currently unavailable, making it difficult to ascertain the specifics of its operations. However, the company’s description suggests a focus on online retail, potentially with a curated selection of goods.

Financially, Sultan Est Ltd presents a mixed picture. While bank borrowings remain steady at £50,000, cash reserves have dramatically increased by 1600%, reaching £51,000—a significant boost. However, equity has declined by 57%, dropping to £7,400, and net assets have also fallen considerably. Creditors have remained consistent, but other creditors have decreased by 62%. It's a small company, meeting two of three conditions for small business status (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of an auditor is typical for companies of this size, meaning the accounts are unaudited.

Overall, Sultan Est Ltd's financial health is uncertain. The surge in cash reserves is encouraging, but the decline in equity and net assets suggests the company may be burning through money. The lack of employees indicates a lean operation, but the overdue accounts raise concerns about management and compliance.

Registered in England/Wales under the registration number 10239953, with a registered address at SW1V 3BP, England, London, Flat 2 Churchill Gardens.

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