Safield Distributions Ltd

Safield Distributions Ltd, based in Romford, UK, is a small holding company with an active status, having been founded eighteen years ago in 2006. The company employs eleven people and holds £1,343,580 in assets. It operates an e-commerce site and has a Google rating of 2.0 based on 24 reviews. While it regularly imports goods—specifically, “none”—for a substantial 237 months, its export activity is sporadic, focusing on electrical machinery and equipment for just one month, as of November 2021. The company has a real address, with only two other companies registered at the same location.

Safield Distributions Ltd's website doesn’t offer much detail beyond its e-commerce presence. It appears to be focused on retail sale via mail order houses or via internet. The site doesn’t provide much information about the company’s specific products or target market.

Financially, the company’s recent performance shows some concerning trends. Current assets have fallen by 22% to £1,300,000, while net assets have also decreased by 21%, settling at £1,300,000. Bank borrowings have increased by a significant 2,400%, reaching £29,000, and cash reserves have declined by 80%, dropping to £430,000. Trade debtors have decreased by a large 94%, suggesting a possible issue with customer payments, and creditors have increased by 160%, reaching £34,000. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility, but the sharp decline in equity and cash reserves is a cause for concern. No auditor is mentioned, likely due to the company’s exemption as a small business.

In summary, Safield Distributions Ltd is a small holding company facing financial headwinds. While its e-commerce operations appear to be active, the recent financial data suggests a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 05964663, with a registered address at RM3 8SB, United Kingdom, Romford, Essex, Unit 2 Spilsby Road.

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