Cygnett Uk Ltd

Cygnett Uk Ltd, based in London, is a small, active company founded twelve years ago in 2012. It holds £1,261,549 in assets and operates from a virtual address, managed by two directors and one owner. The company regularly imports and exports electrical machinery and equipment—183 months of import activity and 86 months of export activity recorded.

The company’s website, Cygnett, is an online retailer specializing in portable power banks, phone cases, and mobile accessories. It caters to a wide range of devices, including iPhones, Samsung phones, iPads, and laptops, offering everything from screen protectors and cables to wireless chargers and car accessories. The site also features licensed AFL power banks and a range of accessories for travel, work, and outdoor adventures. It’s clear they’re aiming for a broad appeal within the tech accessories market.

Financially, Cygnett Uk Ltd presents a mixed picture. Current assets have decreased by 30%, dropping to £1,300,000, while net losses have increased significantly—jumping 48% to -£1,400,000. Bank borrowings have increased, and cash reserves have fallen by 180%, down to £160,000. Creditors have increased by 68%, reaching £160,000, and trade debtors have risen by 30%, reaching £390,000. 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 sharp decline in equity is concerning. The company’s accounts are audited, and Azets Audit Services performed the audit.

While the company’s e-commerce operations appear vibrant and well-stocked, the financial results suggest it’s burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen—but for now, Cygnett Uk Ltd is relying on its diverse product range and online presence to weather the storm.

Registered in England/Wales under the registration number 08175227, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street.

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