Turkz Ltd

Turkz Ltd is a small, active company based in London, UK, founded three years ago in May 2021. It’s a solo-founded operation with a real registered address, employing just three people and holding £31,910 in assets. The company operates an e-commerce site specializing in Turkish wines and related products, offering free shipping for orders over £250. It’s a private limited company, with Yumak Semra acting as both director and owner.

The website, TasteTurkey, showcases a wide selection of Turkish wines, including reds, whites, and sparkling varieties, alongside Turkish delight gin and other liqueurs. It emphasizes a price promise – refunding the difference if customers find wines cheaper elsewhere – and offers trade pricing for bulk orders. The site also features a blog and sections dedicated to glass selection and enhancing the wine-tasting experience.

Financially, Turkz Ltd’s numbers paint a mixed picture. While net assets remain stable at £41,000, cash reserves are low at just £680. Creditors have increased significantly, rising 35% to £96,000, suggesting a reliance on trade credit. Property, plant, and equipment, including furniture and motor vehicles, have also seen increases, with depreciation charges rising by 48% and 220% respectively. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increasing debt levels warrant attention. No auditor is mentioned, consistent with its status as a small, exempt company. The company’s trade in Turkish wines, while niche, faces competition, and the rising debt suggests a need for careful financial management.

Registered in England/Wales under the registration number 13415637, with a registered address at E13 9EZ, England, London, 531 Barking Road.

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