Top African Shop Ltd

Top African Shop Ltd from Sunderland UK is a small, active company founded five years ago. Despite a respectable Google rating of 4.0 from 77 reviews, the business currently has accounts overdue by three months. With four employees and £50,161 in assets, it’s a modest operation run by a single director and owner, who is also the solo founder. The company operates in the retail sale of food, new goods, and via mail order, catering to a specific niche market.

The business’s website is currently unavailable, making it difficult to assess its online presence and e-commerce capabilities. Without a functioning site, it’s unclear how much of its sales come from online channels versus physical sales or mail order.

Financially, Top African Shop Ltd presents a mixed picture. While net assets have increased significantly, jumping 3,100% to £15,000, cash reserves have also seen a substantial rise, increasing by 17% to £4,100. However, bank overdrafts have ballooned by a staggering 310%, reaching £4,500—a worrying trend. Trade debtors have also increased dramatically, soaring by 590% to £31,000, suggesting potential issues with customer payments. Creditors have also increased by 62%, reaching £37,000. Tax liabilities are up 790% to £5,600.

Despite these challenges, the company's small size (meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. The lack of an auditor, as is typical for small companies, means the financial data relies on unaudited reports. The company’s growth in assets and cash reserves is encouraging, but the rising overdraft and debtor levels warrant close monitoring. It seems that the company is burning through money like a startup, but it is still holding on.

Registered in England/Wales under the registration number 12374707, with a registered address at SR1 1UL, England, Sunderland, 1-3 William Street.

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