Turabi Ltd

Turabi Ltd from Enfield UK is a small, active company founded seven years ago. It’s a solo founder operation with one employee and £2,911 in assets, operating from a real address. The company has one director and owner, and runs an e-commerce site.

The website, Turabi, showcases a collection of raw and imperfect jewelry, with a focus on gemstones and unique designs. It caters to a global audience, offering products in various currencies and shipping to numerous countries. The site emphasizes handcrafted pieces and a celebration of "imperfect perfection," with a focus on raw gemstones and unique designs. It also has a blog, which is a nice touch.

Financially, Turabi Ltd presents a mixed picture. Current assets have fallen significantly, dropping 38% to £2,900, while net assets have plummeted 36% to -£18,000. Bank borrowings remain steady at £16,000, but cash reserves have shrunk 78% to just £130. Creditors have increased, and other debt has ballooned. The company’s small size (meeting two of three criteria for a small company) helps it stay nimble, but the sharp decline in equity is concerning. It's also worth noting that trade debtors have decreased, which is a positive sign. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Turabi Ltd seems to be facing some financial challenges, likely typical for a small e-commerce business. The company's unique brand and global reach offer potential for growth, but it will need to manage its finances carefully to avoid burning through money too quickly.

Registered in England/Wales under the registration number 11241222, with a registered address at EN1 2PD, United Kingdom, Enfield, 15a Wellington Road.

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