Ciret Limited

Ciret Ltd from Havant UK is a large, holding company with an active status, established 64 years ago in 1960. Employing 39 people, the company holds assets of £5,377,966 and operates from a real address. Two directors and one owner manage the business, which currently holds a 3.0 rating on Google based on five reviews. The company regularly imports basic metal tools and utensils (296 months) and exports miscellaneous manufactured goods (86 months).

The company operates in the wholesale of other intermediate products industries. It’s a large company as it met two conditions of three: turnover more than £36 million, balance sheet more than £18 million, employees more than 250. The company is owned by Storch Ciret Holdings Gmbh. The directors are Oppermann Michael and Phillips Philip John.

Ciret Ltd’s financial picture reveals some concerning trends. Current assets have decreased by 30% to £5,377,966, while net assets have fallen by 14% to £2,900,000. Bank borrowings have decreased by 80% to £0, and cash reserves have fallen by 27% to £530,000. Interestingly, creditors have also decreased by 43%, suggesting improved debt management. The company’s small size helps it stay agile, but the sharp equity drop raises questions. The company’s financial statements were audited by HJS Accountants Limited.

Despite the financial challenges, Ciret Ltd’s long history and established import/export operations indicate a resilient business. The decrease in cash reserves and net assets may be due to increased investment in the business, or perhaps a slowdown in sales. It's possible the company is navigating a period of transition, or facing increased competition in its industry.

Registered in England/Wales under the registration number 00674416, with a registered address at PO9 5AX, England, Havant, Hampshire, Ciret Ltd, Fulflood Road.

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