Seesai Limited

Seesai Thai Massage Therapist Basingstoke is a small, active company founded nine years ago in 2016, operating from Chichester, UK. With twelve employees and £883,215 in assets, it’s a modest business with a real address and four directors overseeing operations. The company is a regular importer, specializing in optical and medical tools and devices, with recent activity recorded three months ago.

The company’s website showcases a thriving massage spa offering traditional Thai massage, aromatherapy, and a range of rejuvenating treatments. It has a strong focus on client wellbeing, emphasizing experienced therapists and a holistic approach to relaxation. Services include back, neck, and shoulder massages, deep tissue treatments, hot stone therapy, and Swedish massages, all designed to relieve stress and improve circulation. The website also includes a contact form and online booking system, facilitating easy client engagement.

Financially, Seesai Thai Massage Spa shows some concerning trends. While cash reserves increased significantly by 620%, reaching £770,000, other key indicators paint a less positive picture. Net assets plummeted 130%, ending at a negative £940,000, and current assets increased by 110% to £840,000. Creditors surged by 440%, reaching £1.9 million, and trade debtors decreased by 64% to £120,000. The number of employees increased by 50%, from twelve to eighteen, which could be a sign of growth but also increased overhead. 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, but the large increase in liabilities suggests it’s burning through money faster than it’s earning it. No auditor is mentioned, likely due to exemption as a small company.

The rapid growth in liabilities, despite a substantial cash balance, raises questions about the company’s long-term financial health. It’s possible the increased spending is a strategic investment in expansion, but careful management will be crucial to ensure sustainability.

Registered in England/Wales under the registration number 10143962, with a registered address at PO18 9AB, England, Chichester, Lavant House, West Lavant.

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