Cideas Ltd

Cideas Ltd from Harrow UK is a small, active company founded seven years ago, in December 2017. It employs two people and holds £207,663 in assets, operating from a real address. With one director and one owner, Cideas Ltd regularly imports and exports optical and medical tools and devices—56 months of import activity and 12 months of export activity, with the latest operations occurring in January 2025. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if they have an active e-commerce site or primarily operate through wholesale channels.

Financially, Cideas Ltd presents a mixed picture. While current assets increased by 11% to £210,000, net assets grew by a more substantial 50% to £130,000. Bank borrowings increased significantly by 72%, reaching £8,000, and cash reserves declined by 22% to £30,000. Creditors decreased by 26%, which is a positive sign. 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 flexibility, but the increase in bank borrowings warrants attention. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The increase in trade debtors by 88% suggests a potential issue with customer payments, or possibly a deliberate strategy to offer more credit terms. The company's equity has increased substantially, which is a positive indicator of overall financial health.

Registered in England/Wales under the registration number 11127343, with a registered address at HA3 9RF, England, Harrow, 1 Dorchester Way.

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