Saigates Limited

Saigates Limited, based in Wolverhampton, UK, is a small, active company founded 11 years ago. With five employees and £231,393 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. The company currently holds a Google rating of 1.0 based on six reviews. It regularly imports electrical machinery and equipment (four months of activity), but exports are irregular (just one month).

The company’s website, infosaigates.com, reveals a focus on supplying used mobile devices and providing repair, maintenance, and sales services for consumer electronics. It works with major technology manufacturers, distributors, and retailers, specializing in smartphones, tablets, iPads, smartwatches, earbuds, and accessories. The website highlights a “Three Rs” approach – Reduce, Reuse, and Recycle – emphasizing sustainability and environmental responsibility. It also features a blog with health and wellness content, seemingly unrelated to its core business.

Financially, Saigates Limited shows a mixed picture. Current assets increased by 34% to £230,000, but net assets grew by a more modest 59% to £48,000. Bank borrowings increased significantly by 89% to £38,000, while cash reserves decreased by 54% to £4,900. Trade debtors saw a dramatic 60% decrease, suggesting improved collection of payments, but trade creditors rose by a substantial 190% to £34,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the increase in borrowings and decrease in cash warrants attention. As a small company, it’s exempt from an audit, and the figures are unaudited.

The company’s blog content and health-related articles seem a little out of place, and the low Google rating suggests room for improvement in customer satisfaction. Whether the health content is a side project or a strategic diversification remains to be seen.

Registered in England/Wales under the registration number 08836327, with a registered address at WV11 1SZ, England, Wolverhampton, 98 High Street, Wednesfield.

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