Upfrica Uk Ltd

Upfrica Uk Ltd is a small, active company based in Milton Keynes, UK, founded four years ago in June 2020. With £32,637 in assets and a virtual address shared by eighteen other companies, it’s a solo-founded operation run by a single director and owner, Wiredu Charles Kumi. The business operates an e-commerce site, Upfrica UK, boasting a perfect 5.0 Google rating from thirteen reviews. It specializes in selling African and Asian products, operating as an online marketplace for Afro Shops and Asian products, offering groceries at low prices.

The website, Upfrica UK, positions itself as a platform for African and Asian shops, allowing sellers to list and sell their products online. It emphasizes a "no sale, no fee" policy and offers a range of services, including payment processing and business growth tools. The site’s blog content reinforces its expertise in connecting buyers and sellers within the AfroCaribbean community. It's a free listing too!

Financially, Upfrica Uk Ltd shows a mixed picture. Current assets increased by 160% to £33,000, while net assets increased by 110% to £20,000. Cash bank on hand increased by 24% to £5,100. Trade debtors increased by 71% to £15,000, while creditors increased by 690% to £13,000. Loans from directors increased by 71% to £8,500. The lack of employees (zero reported) hints at a lean operation. The company meets two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

While the e-commerce side appears active and well-reviewed, the financial data suggests a company still growing and potentially reliant on external funding. Whether it can sustain its growth and profitability remains to be seen, but for now, Upfrica Uk Ltd is betting on its niche market and strong customer reviews to succeed.

Registered in England/Wales under the registration number 12650617, with a registered address at MK9 2HR, England, Milton Keynes, 214 Upper Fifth Street.

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