Savisto Limited

Savisto Limited is a small, active company based in Stockton-On-Tees, UK, founded ten years ago in 2014. It’s a family business with two employees and £226,665 in assets, operating from a real address. The company is run by one director and two owners, and regularly imports electrical machinery and equipment – 17 months of import activity were recorded, with the last operation in June 2023. Savisto operates in the retail sale via mail order houses or via internet industries.

The company’s website, Savisto, showcases a curated selection of kitchenware, homeware, and garden accessories. It’s clearly an e-commerce operation, with a focus on appealing to customers looking for unique and useful items. The site is well-designed, with clear product categories and a user-friendly checkout process. They even offer a newsletter to keep customers informed about new products and special offers. Best-selling items include an electronic salt and pepper mill set, a wine aerator, and packing cubes.

Financially, Savisto Limited presents a mixed picture. While bank borrowings decreased by 37%, cash reserves plummeted 70% to just £8,600. Trade creditors increased by a significant 45%, reaching £55,000, suggesting potentially stretched payment terms. Current assets also declined by 5.1% to £230,000. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. The company's net assets, however, grew by 12% to £48,000. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Savisto Limited appears to be navigating the typical pressures of a small e-commerce business. While the decline in cash reserves and increase in creditors are concerning, the company’s focus on curated products and online presence could help it weather these challenges.

Registered in England/Wales under the registration number 09283436, with a registered address at TS18 2QX, England, Stockton-On-Tees, Inbond, Malleable Way.

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