Unga Ltd

Unga Ltd is a small, active company from London, UK, founded ten years ago in 2015. It operates as an e-commerce site and is a regular importer of toys, games, and sports equipment, with five months of import activity recorded up to July 2020. The company, with a single director and owner, holds £3,725 in assets and uses a virtual address shared by twenty-three other companies.

The company is a holding company with a majority shareholding in companies involved with the manufacture and marketing of human nutrition, animal nutrition, and animal health products. It's a Kenyabased business and entered a strategic partnership with Seaboard Corporation in 2000. Unga Group Plc also has a legacy of trust and sustainability, working towards the UN’s Sustainable Development Goals. Its website showcases a range of brands, including Unga Limited, Unga Farmcare, and several industrial bakeries, alongside investor updates and corporate disclosures.

Financially, Unga Ltd’s situation appears concerning. Current assets have plummeted by a staggering 99.9%, dropping to just £3,700. Similarly, net assets have experienced a dramatic decline, falling 99.9% to a mere £1,800. Bank borrowings have increased significantly, and cash reserves have fallen by 99.9% to £2,100. Trade debtors have also decreased, suggesting difficulties in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity is a cause for concern. No auditor is mentioned, and the financial statements are unaudited.

It's clear that Unga Ltd is facing financial pressures, despite its established brand and diverse product range. Whether it can weather these challenges and maintain its position in the market remains to be seen.

Registered in England/Wales under the registration number 09502197, with a registered address at W1U 6BP, England, London, 1 Bickenhall Mansions, Bickenhall Street.

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