Tuk Tuk Mart Ltd

Tuk Tuk Mart Ltd from Manchester UK: a small, active company founded four years ago, employs six people, holds £403,931 in assets, and operates from a real address. With one director and one owner, it runs an e-commerce site and enjoys a stellar 5.0 Google rating based on 213 reviews.

The company specializes in retail sale via mail order houses or via internet, offering a wide range of Asian food and groceries online. Its website, Tuk Tuk Mart, showcases an extensive catalog, from fresh produce and frozen goods to homeware and incense. It’s clear they’re targeting the UK’s Asian diaspora and food enthusiasts, with a focus on convenience and competitive pricing. The site is well-organized and easy to navigate, a hallmark of a successful e-commerce operation.

Financially, Tuk Tuk Mart Ltd presents a mixed picture. Cash bank on hand increased significantly by 190% to £220,000—a positive sign of improved liquidity. However, net assets decreased by 470% to -£120,000, and creditors surged by 310% to £520,000. Trade debtors also saw a dramatic increase of 1500%, reaching £170,000, which could indicate difficulties collecting payments or a shift towards offering credit to customers. Despite these challenges, the company’s small size (meeting two of three conditions for a small company) allows for flexibility. The unaudited accounts, prepared using VT Final Accounts software, don't mention an auditor.

While the business seems to be growing its online presence and customer base, the sharp increase in liabilities and decrease in equity suggests it’s burning through cash. Whether this is a temporary setback or a longer-term concern remains to be seen, but the company’s strong Google rating and dedicated customer base offer some reassurance.

Registered in England/Wales under the registration number 12781322, with a registered address at M1 4HF, England, Manchester, Hang Won Hong, 58-60 George Street.

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