Istanbul Consultancy Ltd

Istanbul Consultancy Ltd is a small, active company registered in London, UK. Founded six years ago in November 2018, it operates with a single employee and holds £1,764 in assets. The company's registered address is a virtual one, shared by 715 other businesses, and it's led by one director and owner, Topuz Gokcen.

The company’s website, istanbulcredit.nl, reveals it’s a debt collection agency specializing in international receivables. It offers services like tracing, credit reports, and legal consultancy, operating with a network of partners across 130 countries. They emphasize a “NoWin NoFee” principle, targeting B2B debt recovery and offering services ranging from amicable collection to legal proceedings. The site highlights experience with high-value debt cases and even offers services for Chinese exporters and European hospitals.

Financially, Istanbul Consultancy Ltd presents a concerning trend. Current assets have plummeted 60% to £1,800, while net assets have fallen a significant 60% to just £200. Bank borrowings have increased, and cash reserves have dropped dramatically—a worrying sign for a company reliant on quick payments. Equity has also suffered a 75% reduction, suggesting a loss of retained earnings. Despite these challenges, trade debtors have remained consistent, and creditors have also stayed the same. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in equity and cash reserves raises questions about its financial health. As a small company, it’s exempt from an audit, so the figures are unaudited.

It appears Istanbul Consultancy Ltd is facing financial pressures, despite its experience and international reach. Whether it can weather these challenges and maintain its operations remains to be seen.

Registered in England/Wales under the registration number 11698656, with a registered address at N5 2ER, United Kingdom, London, Office 403, Screenworks, 22 Highbury Grove.

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