Tahirmahmood Limited

Tahirmahmood Ltd from Manchester UK: a small, active company founded ten years ago, is facing some financial headwinds. Employing six people and holding £120,056 in assets, the business operates an e-commerce site and regularly imports clothing and accessories (though the last import was four months ago). It’s a virtual address, which is a little odd, and managed by one director and owner.

The company’s website, Tahir Mahmood Design, is quite interesting. It’s a retail business selling a range of home decor, furniture, and lighting—everything from bird feeders to floor lamps. The site offers a wide selection of products and ships worldwide, with currency options for numerous countries. It's a pretty slick operation, and the branding is consistent.

Financially, things are a bit concerning. Current assets have fallen significantly, dropping 28% to £120,000. Even more worrying, net assets have plummeted 6.3% to -£74,000. Bank borrowings have remained steady at £20,000, but cash reserves have practically vanished, falling 98% to a mere £190. Creditors have also increased, though the details are a little confusing. The company’s small size—meeting two of three conditions for a small company—helps it stay flexible, but the sharp decline in equity suggests it's burning through cash. There's no auditor mentioned, which is common for small companies, so the figures are unaudited.

It seems like Tahirmahmood Ltd is facing some challenges in converting its online presence into sustainable profits. The business is still active, but it needs to address its cash flow issues to avoid further decline.

Registered in England/Wales under the registration number 09037531, with a registered address at M8 8XA, England, Manchester, 5 Appleford Drive.

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