Seiten Uk Co Limited

Seiten Uk Co Ltd from St. Ives UK is a small, active company founded two years ago. It employs two people and holds £104,171 in assets, operating from a real address. With one director and owner – a solo founder – the company is a regular importer of drinks, alcohol, and vinegar, having imported for three months, with the most recent activity in October 2024. It operates in the "other retail sale in non-specialised stores" industry.

The company’s website, Taste of Japan, showcases a curated selection of authentic Japanese products available for online purchase. It's an e-commerce business, offering everything from rice noodles and condiments to sake, umeshu, spirits, tea, houseware, and cookware. The site emphasizes quality, competitive pricing, and free delivery on all orders. It even has a "Our Story" section highlighting the founders' two decades of manufacturing and exporting experience. The website's product listings are extensive, with detailed descriptions and attractive photography, clearly targeting UK consumers seeking genuine Japanese goods.

Financially, Seiten Uk Co Ltd’s recent performance presents a mixed picture. Current assets have dropped significantly, falling 47% to £100,000, while net assets have plummeted 200% to -£250,000. Bank borrowings have increased substantially, reaching £35,000, and cash reserves have shrunk 94% to a mere £7,000. Trade debtors have also decreased considerably, dropping 87% to £10,000. Creditors, however, have risen 110% to £350,000. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, likely due to its small size and exemption from an audit.

The sharp decline in equity, coupled with the increased reliance on borrowing, suggests the company is burning through money. While the e-commerce platform appears well-maintained and actively selling products, the financial data indicates a challenging period. It's possible the company is investing heavily in marketing or inventory to drive growth, but the current trajectory raises concerns about its long-term financial health.

Registered in England/Wales under the registration number 14536831, with a registered address at PE27 5FH, England, St. Ives, Cambs, Unit 4 Meridian Court Compass Point Business Park, Stocks Bridge Way.

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