Cye Import Ltd

Cye Import Ltd from Maidstone UK: small company, active status, founded 1 year ago, £40,288 assets, virtual address, 1 director, 1 owner, solo founder. Irregular importer of vehicles, parts, and accessories (not for trains or trams) (1 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £40,288. The address is probably virtual as 107 companies registered at the same address.

Cye Import Ltd operates primarily as an online retailer, specializing in the import and sale of used vehicles, particularly Volkswagens. Its website showcases a range of models, from UPs to Golfs, all freshly imported from Japan and offered with warranties and MOTs. The company’s focus is on ULEZ-compliant vehicles, catering to the growing demand for cleaner cars in London and other urban areas. It seems to be a solo operation, with a single director and owner, Humphreys Cye William Mark, managing both sales and imports.

Financially, Cye Import Ltd presents a mixed picture. While its assets remain stable at £40,288, cash reserves are a modest £8,100, and net assets are in the negative at -£2,500. Creditors have remained consistent at £27,000 and £23,000, suggesting a reliance on trade credit. The company's small size and solo founder status likely contribute to its agility, but the negative equity and low cash reserves suggest it's operating on a tight margin. There is no mention of an auditor, which is common for small, exempt companies. The business is probably burning through money, but it's too early to tell if it's a sustainable model.

Registered in England/Wales under the registration number 15060990, with a registered address at ME14 5BJ, England, Maidstone, Kent, Berry & Co Sterling House, 7 Ashford Road.

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