Sellfix Ltd

Sellfix Ltd from Wakefield UK is a small, active company founded 12 years ago. With a single employee and £4,803 in assets, it's a solo founder operation led by one director and owner, Jeffries Neil. The company operates in the retail sale via mail order houses or via internet industries.

The business's website, while not extensively detailed, suggests a focus on industrial equipment. It’s unclear if there's an active e-commerce presence, but the company's core function appears to be supplying equipment. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Sellfix Ltd shows a concerning trend. Current assets have fallen by 9.1% to £4,800, while net assets have declined by 21% to -£30,000. Bank borrowings remain steady, but cash reserves have decreased by 2.1% to £3,600. Trade debtors have also decreased by a significant 45%, which could indicate issues with customer payments, or a deliberate strategy to reduce risk. Creditors, however, have risen by 13%, which might suggest increased reliance on short-term financing.

The lack of employees and the negative equity raise questions about the company's long-term viability. The unaudited financial statements, exempt due to its small size, rely on director-reported data. While the company’s small size allows for agility, the downward financial trajectory suggests a need for careful management. It’s possible that the company is burning through cash to sustain operations, but without more detailed information, it's difficult to say for sure.

Registered in England/Wales under the registration number 08423371, with a registered address at WF1 4AL, England, Wakefield, West Yorkshire, 1 Clarke Hall Farm, Aberford Road.

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