Sumo Sleep Ltd

Sumo Sleep Ltd from London UK is a small, active company founded five years ago. Despite its active status, the company has accounts overdue for a year, a common issue for smaller businesses. With just two employees and £226,370 in assets, it’s a solo founder operation led by a single director and owner, Iqbal Abeer. The company regularly imports furniture, lighting, and prefabricated buildings—a recent import activity occurred three months ago. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, autosleep.com, is a bit of a puzzle. It’s heavily populated with text and images related to online gambling and slot games, featuring numerous brands like PG SLOT, JILI SLOT, and 918KISS. The site’s design is cluttered and appears to be focused on attracting users to online gaming platforms, rather than showcasing Sumo Sleep Ltd's purported furniture and lighting business. It's unclear if this represents a diversification strategy or a completely separate venture operating under the same name.

Financially, Sumo Sleep Ltd is facing some challenges. While its assets remain at £226,370, there's a concerning trend of increasing debt. Bank borrowings have risen significantly by 86% to £49,000, and cash bank on hand has plummeted 340% to -£19,000. Creditors have also increased by 32%, reaching £77,000, while trade debtors have dropped drastically by 80%, leaving only £24,000. Net assets have taken a severe hit, declining 980% to -£380,000. The company’s average number of employees has doubled to four, which could be a contributing factor to the increased expenses. Although the company meets the criteria for a small company, the significant decrease in equity and the reliance on borrowing suggest it’s burning through money. With no auditor mentioned, the financial information is unaudited.

In conclusion, Sumo Sleep Ltd appears to be struggling financially, with a concerning reliance on debt and a significant decrease in equity. The website’s focus on online gambling is a puzzling development that further complicates the company's situation.

Registered in England/Wales under the registration number 12034354, with a registered address at N19 5JF, England, London, Dartmouth Lodge, Dartmouth Park Hill.

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