Seewoo (reading) Limited

Seewoo (reading) Limited, based in St. Albans, UK, is a small, active company founded 22 years ago in 2003. With 30 employees and £2,848,708 in assets, it operates from a virtual address, a detail worth noting as 23 companies share the same location. The business is led by nine directors and has one owner, Tse Chun Keung, and enjoys a solid 4.0 Google rating from 1249 reviews. It’s a regular importer of milling products, with its last import operation recorded in April 2017.

The company’s core business revolves around the wholesale of other food, including fish, crustaceans, and molluscs. While a website isn't available to analyze, this suggests a B2B model, likely supplying retailers or food service providers. The presence of a single owner and a relatively small workforce indicates a streamlined operation, possibly family-run.

Financially, Seewoo (reading) Limited presents a mixed picture. Current assets have decreased by 3.5% to £2,800,000, while net assets have fallen 2.6% to £3,900,000. Bank borrowings have increased, reaching £29,000, and cash reserves have dropped 4.1% to £2,300,000. Trade debtors have seen a significant decrease of 62%, which could be a positive sign of improved collections or a shift in credit policies. Creditors have also decreased, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in equity warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Seewoo (reading) Limited appears to be navigating a period of adjustment. While the company's import activity and Google rating suggest a stable customer base, the financial data indicates some pressures. The management of cash flow and the maintenance of equity will be key to its long-term success.

Registered in England/Wales under the registration number 04759902, with a registered address at AL1 3SE, St. Albans, Hertfordshire, Faulkner House, Victoria Street.

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