Saith Limited

Saith Ltd from Ringwood UK: a small, active company established 25 years ago, employs 32 people, and holds £5,165,722 in assets. With a real address, four directors, and one owner, Saith Ltd is an irregular importer of optical and medical tools and devices (just one month of imports recorded) and a regular exporter of machinery, boilers, and mechanical appliances (nine months of exports).

The company’s website paints a picture of an engineering management consultancy specializing in the oil, gas, and petrochemical sectors. Based in Ringwood, Hampshire, Saith Ltd offers a comprehensive range of engineering solutions, from planning and design to project management and construction. It caters to a wide range of clients, including major UK oil, gas, and petrochemical companies, and has a global reach, delivering projects across Europe, Asia, the Middle East, and the Caribbean. The website highlights expertise in pipeline engineering, process engineering, and risk management, and even offers specialized skid unit solutions.

Looking at the company’s financial health, there are some interesting trends. Cash reserves have seen a significant boost, jumping 430% to £830,000, which is a good sign. However, net assets have also increased by 51% to £810,000. Creditors have risen considerably, up 94% to £780,000, which could indicate increased borrowing or delayed payments. Trade debtors have also increased, ballooning by 890% to £2,100,000, suggesting that the company is struggling to get paid promptly. The number of employees reported has also increased substantially, jumping 69% to 54, which could be a result of increased business activity. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Saith Ltd appears to be growing, but the increase in debt and delayed payments warrants attention. The company's focus on specialized engineering services and its global reach suggest a solid foundation, but managing its finances will be key to its long-term success.

Registered in England/Wales under the registration number 03868394, with a registered address at BH24 3FA, England, Ringwood, Icm House, Yeoman Road.

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