Neoteric Group Ltd

Neoteric Group Ltd is a small, active company based in London, UK, founded four years ago in March 2021. The company, with just one director and owner – solo founder Mehmood Shahzad – holds £2,747 in assets and operates from a real address. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website reveals a focus on sustainability, offering services to help organisations achieve their social, economic, and environmental objectives. It champions a future where businesses thrive responsibly, offering skills training, facilitating local action, and driving sustainable innovation. It’s not strictly e-commerce, but rather a consultancy and brand-building service for businesses seeking to improve their sustainability image. It's quite a diverse offering, from developing a brand for a portfolio to launching a sustainability initiative.

Financially, Neoteric Group Ltd presents a mixed picture. While the company is active, the numbers suggest it's not exactly booming. Net assets are a negative £12,000, and cash bank on hand remains at £1,300. Trade debtors are at £2,500, while creditors are £16,000. Property, plant, and equipment have decreased by 20%. The lack of employees (zero reported) points to a very lean operation. With no auditor mentioned, the figures are unaudited. The company’s small size and solo leadership likely contribute to its agility, but the negative equity raises concerns about its long-term financial health. It seems like the company is burning through money, but the website suggests it's focused on building a brand and securing clients, rather than immediate revenue generation.

Registered in England/Wales under the registration number 13258226, with a registered address at E17 6AD, England, London, 220 Blackhorse Lane.

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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