Surjas Retail Ltd

Surjas Retail Ltd is a small, active company based in Glasgow, UK, founded six years ago in 2019. With fourteen employees and £264,157 in assets, it operates from a virtual address, a fact that's worth noting as forty-four companies are registered at the same location. The business is family-owned and managed by one director and two owners. It’s a fairly small operation, meeting two of the three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company specializes in importing and exporting clothing and accessories made by knitting or crocheting, though activity is irregular, with just one month of import and export activity recorded in the last two years. It operates in the “other retail sale in non-specialised stores” industry.

Financially, Surjas Retail Ltd shows a mixed picture. Current assets increased by 25% to £260,000, which is good news. However, net assets decreased by 2.6% to -£20,000, suggesting a slight drain on equity. Bank borrowings increased by 9%, reaching £61,000, and cash reserves remained relatively stable at £660. Creditors also increased significantly, by 41%, to £230,000. The decrease in trade debtors by 99% is a notable change, indicating a significant reduction in outstanding payments from customers.

The lack of an auditor is not surprising, given the company’s small size and exemption status. The unaudited figures offer a snapshot of the business's current state, but further scrutiny would be needed to understand the underlying trends and potential challenges. The company seems to be holding its own, but the increased debt and slight loss of equity could be cause for some concern.

Registered in Scotland under the registration number SC623762, with a registered address at G4 9XA, Scotland, Glasgow, 1 Eagle Street, Craighall Business Park.

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