Saikou Apparel Ltd

Saikou Apparel Ltd is a small, active company based in Renfrew, UK, founded five years ago in January 2020. The company, run by a solo founder and single director, Burnside Ross Adam, holds £34,388 in assets and operates from a virtual address shared by twenty-eight other companies. It employs just one person and runs an e-commerce site. Saikou Apparel is an irregular importer, primarily bringing in clothing and accessories made by knitting or crocheting, with its last import activity recorded one month ago in August 2022. The company operates in the retail sale of clothing in specialised stores.

The company’s website is not available for review, so it’s difficult to assess its e-commerce presence in detail.

Financially, Saikou Apparel Ltd presents a mixed picture. Current assets have decreased by 22%, dropping to £34,000, while equity has plummeted 93%, leaving just £1,600. Bank borrowings are not mentioned, but creditors have increased significantly by 53%, reaching £33,000. Cash reserves have also fallen, and trade debtors have risen to £2,500. 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, so the financial statements are unaudited. The sharp decline in equity is concerning, and it suggests the company may be burning through cash, although it’s also possible that it’s reinvesting in the business. The increase in creditors could indicate a reliance on short-term financing, which can be risky if not managed carefully.

Registered in Scotland under the registration number SC652526, with a registered address at PA4 8RA, Scotland, Renfrew, 4 Station Crescent.

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