Uk Friends Limited

Uk Friends Limited is a small, active company based in Chessington, UK, founded six years ago in 2018. It employs just one person and holds £48,981 in assets. The company is owned and run by a solo founder, Kim Jee Hyun, who also serves as the director. It’s a regular exporter, primarily dealing in dairy, eggs, honey, and edible animal products, with three months of export activity recorded.

The company operates in both retail sale via mail order and internet, as well as offering other business support services. Its website, Animal Friends, is a well-established pet insurance provider, offering a range of policies and related services like vet video consultations and an online pharmacy. The site also highlights a commitment to animal welfare, supporting various charities and campaigns. It's a pretty big operation, with a focus on customer service and a strong brand presence.

Financially, Uk Friends Limited shows some concerning trends. Current assets have fallen significantly, dropping by 53% to £49,000. Equity has also plummeted, decreasing by 89% to a mere £4,600. Bank borrowings have decreased by 31%, and creditors have fallen by a large 84%. 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 sharp decline in equity raises questions about its financial health. The company’s accounts are unaudited, and there's no mention of an auditor, which is common for small companies.

While the pet insurance side appears to be thriving, the underlying company’s financial performance suggests it may be burning through money. It’s possible the company is reinvesting heavily in growth, but the significant drop in equity warrants close monitoring.

Registered in England/Wales under the registration number 11401300, with a registered address at KT9 1SD, England, Chessington, Suite 41 (Archbird) Cox Lane.

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