Uk Fan Tuan Ltd

Uk Fan Tuan Ltd, based in London, UK, is a small, active holding company established three years ago in July 2021. With twelve employees and £297,341 in assets, it operates from a virtual address shared by 231 other companies – a bit of a red flag there. The company is overseen by one director and one owner, and has a real registered address at 6th Floor 60 Gracechurch Street. It’s a holding company, meaning it likely owns other businesses, and is involved in importing paper and paperboard products, though only for a couple of months at a time, with the last import happening in July 2024. The company’s website, Fantuan Delivery, proudly proclaims itself the "Best Asian Food Delivery" service.

Fantuan Delivery’s website showcases a vibrant online ordering platform, offering a wide range of Asian cuisines. The site emphasizes fast delivery, fresh ingredients, and a user-friendly interface – typical features for a modern food delivery service. It’s clear the company is focused on capturing a share of the growing online food delivery market, with promotions and special offers prominently displayed. It’s a busy site, and they seem to be doing a lot of business.

Financially, Uk Fan Tuan Ltd presents a mixed picture. While current assets decreased by 39% to £300,000, trade debtors increased significantly by 150% to £230,000 – suggesting a possible shift in payment terms or an increase in outstanding invoices. More concerningly, equity plummeted by 420% to -£2.2 million, and net assets are also at -£2.2 million. Cash reserves have also fallen by 82% to just £70,000. Bank borrowings have increased by a whopping 180% to £2.5 million, and creditors have increased to £2.5 million. 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 agile, but the substantial equity decline and increased borrowings raise concerns. The accounts are unaudited and exempt, so there’s no external verification of these numbers. The company’s last reported number of employees was 12, but the latest report shows 16, a 33% increase.

In short, Uk Fan Tuan Ltd is showing signs of financial strain, despite its active online presence and food delivery focus. Whether it can sustain its growth and manage its increasing debts remains to be seen.

Registered in England/Wales under the registration number 13492991, with a registered address at EC3V 0HR, United Kingdom, London, 6th Floor 60 Gracechurch Street.

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