Sapphite Limited

Sapphite Limited is a small, active company based in Horsham, UK, founded two years ago in 2022. With just one employee and £12,364 in assets, it's a solo-founded operation led by a single director and owner. The company operates from a virtual address – ninety companies registered at the same location – and is engaged in retail sale via mail order houses or via internet.

The company’s website, Sapphite Limited, showcases a range of products, suggesting a focus on online retail. While specific product details are limited, the site emphasizes customer service and competitive pricing, hallmarks of a modern e-commerce business. It's a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Sapphite Limited’s recent performance shows some concerning trends. Cash bank on hand dropped dramatically by 79%, falling to just £1,600. Current assets also declined significantly, down 43% to £12,000. Net assets plummeted 93%, leaving just £230. While creditors decreased by 34%, and debtors only slightly declined, the sharp decline in net assets is a worrying sign. Taxations social security payable also fell by 61%. The company's small size and lack of employees (one reported) suggest a lean operation, but the financial pressures are evident. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Sapphite Limited is facing financial headwinds. Whether it can overcome these challenges and sustain its online retail business remains to be seen—but for now, it's a small company navigating a competitive market.

Registered in England/Wales under the registration number 14315421, with a registered address at RH12 1AT, United Kingdom, Horsham, West Sussex, Solo House The Courtyard, London Road.

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