Savoye Limited

Savoye Limited, based in Loughborough, UK, is a large company with an active status, having been incorporated 34 years ago in July 0f 1990. The company employs six people and holds £422,600 in assets, generating £827,746 in yearly revenue. It operates from a real address and is overseen by one director, although no owners are officially listed. Savoye Limited is an irregular importer, primarily dealing with electrical machinery and equipment, with recent import activity recorded over the past two months.

The company’s website paints a picture of a sophisticated intralogistics solutions provider. Savoye offers a range of software and technology aimed at optimizing supply chains, including warehouse management systems (WMS), transport management systems (TMS), and automated picking solutions. They cater to diverse industries, from agroalimentaire to e-commerce, and even offer services like audit and expertise. The website also highlights customer success stories and emphasizes innovation, with a focus on low-code/no-code solutions.

Financially, Savoye Limited’s report reveals some concerning trends. Current assets have fallen by 30% to £420,000, while net assets have decreased by 4.2% to -£800,000. Bank borrowings have increased by 480% to £44,000, and cash reserves have declined by 52% to £230,000. Trade debtors have risen significantly by 72%, suggesting potential issues with customer payments. Despite these challenges, creditors have decreased by 10%, which could indicate improved debt management. The company’s size, meeting two of three criteria for a large company, means it’s likely exempt from a full audit, relying on unaudited financial statements. The lack of mention of an auditor is not unusual for companies of this size.

The rise in borrowing and the decline in cash reserves suggest Savoye Limited may be burning through money, perhaps to invest in new technologies or expand operations. However, the increase in trade debtors could also signal difficulties in collecting payments from customers. The company's focus on advanced intralogistics solutions and its diverse client base suggest a potential for future growth, but it will need to address its financial challenges to ensure long-term sustainability.

Registered in England/Wales under the registration number 02522990, with a registered address at LE11 1QJ, England, Loughborough, 17 Charnwood Office Village, North Road.

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