S10 Supplies Ltd

S10 Supplies Ltd, based in Wickford, UK, is a small, active company founded 14 years ago. With 16 employees and £647,090 in assets, it operates from a virtual address and is led by a solo founder and director, Warner Paul Martin. The company runs an e-commerce site and enjoys a perfect 5.0 Google rating from nine reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just one month ago.

The company’s website, while not detailed, suggests a focus on supplying goods to the hospitality sector, with mentions of hotel supplies and catering equipment. It seems to operate as an agent involved in the sale of a variety of goods, potentially sourcing products and distributing them to businesses. The company’s presence on LinkedIn showcases a small team and a focus on customer service.

Financially, S10 Supplies Ltd presents a mixed picture. Current assets have decreased by 9.8% to £650,000, while net assets have fallen by 27% to £340,000. Bank cash has dropped significantly by 35% to £85,000, and trade debtors have increased by 5.9% to £320,000. Creditors, however, have risen by 17% to £330,000, potentially reflecting increased purchasing to meet demand. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited.

Despite the declines in assets and cash, the increase in trade debtors suggests the company is expanding its credit terms, which could be a strategy to boost sales. The company’s focus on customer service and its niche market—supplying goods to the hospitality sector—may help it weather any financial challenges. It’s worth noting that the company’s sole director has elected not to deliver a profit and loss account, which is standard practice for small companies.

Registered in England/Wales under the registration number 07381731, with a registered address at SS12 9HA, England, Wickford, Essex, Damer House, Meadow Way.

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