Essentially Ankara Ltd

Essentially Ankara Ltd is a small, family-run business based in London, UK. Founded five years ago in 2019, the company is currently active and employs three people. With £64 in assets, it operates an e-commerce site specializing in African print handbags and accessories. The business has three directors and three owners, and is registered at a virtual address shared by over eight thousand other companies.

The company’s website, Essentially Ankara, offers a wide range of products, from clutch bags and tote bags to cosmetic bags and cushion covers, all featuring vibrant African prints. It ships internationally, with a currency selection tool allowing customers to view prices in various countries. The site’s design is clean and easy to navigate, and it boasts a comprehensive FAQ section.

Financially, Essentially Ankara Ltd has experienced a significant downturn. Current assets have fallen by 93%, dropping from £860 to just £64. Net assets have also plummeted by 93%, decreasing from £860 to £64. Cash reserves have suffered a similar decline, falling from £860 to £64. Bank borrowings have increased dramatically, and creditors have remained relatively stable. 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 it to remain agile, but the sharp decline in equity raises concerns. There is no auditor mentioned, likely due to its status as a small company.

While the e-commerce site appears active and well-stocked, the financial data suggests the company is burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen, but for now, Essentially Ankara Ltd is relying on its unique product offering and online presence to weather the storm.

The company operates in Retail → Department stores; Retail → Online & mailorder; Retail → Stalls → Textiles, clothing and footwear.

Registered in England/Wales under the registration number 12229429, with a registered address at EC1V 2NX, England, London, 124 City Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.