Ukfl Ltd

Ukfl Ltd from Pevensey UK is a small, active company founded five years ago, employing four people and holding £324,939 in assets. It’s a real address with two directors and one owner, Latif Faisal. The company regularly imports soaps, cleaning products, and waxes (15 months of imports, last in August 2023), and occasionally exports drinks, alcohol, and vinegar (2 months of exports, last in January 2023). It operates in the retail sale via mail order houses or via internet industries.

The company's website, Ukfl Distribution, showcases a wide range of products, from household essentials like OxiClean and Mr. Clean to kitchenware and pet supplies. It has a dedicated trade account section and even offers job vacancies, suggesting a growing business. The site’s design is functional, and the emphasis is on competitive pricing and a user-friendly shopping experience. It’s clearly an e-commerce operation, catering to both individual consumers and wholesale buyers.

Financially, Ukfl Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased, particularly in plant machinery, suggesting investment in the business. However, bank borrowings have risen significantly, by 76%, to £22,000, and cash reserves have plummeted 85% to just £260. Corporation tax payable has also spiked, by 950%, to £19,000, which could be a temporary timing issue. Creditors have decreased by 18%, and debtors have increased by 43%, which is a good sign. 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 stay agile, but the sharp drop in cash and the increased tax liability are concerns. There's no auditor mentioned, so the figures are unaudited.

Overall, Ukfl Ltd appears to be a small but active e-commerce business facing some financial headwinds. While it’s managing its debts better, the decrease in cash and increased tax liability suggest it’s burning through money. Whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 12213077, with a registered address at BN24 5DS, England, Pevensey, Unit 2 Langsett Industrial Estate Rattle Road, Westham.

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