Seneye Ltd

Seneye Ltd, based in Norwich, UK, is a small, active company founded fifteen years ago in 2010. With eleven employees and £495,865 in assets, it operates from a real address and is managed by three directors and one owner. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on sixteen reviews. It’s a regular importer and exporter, specializing in optical and medical tools and devices, with 41 months of import activity and 61 months of export activity recorded.

Seneye Ltd’s core business revolves around the manufacture of electronic measuring and testing equipment, specifically targeting the aquatics industry. Its website showcases a "Seneye Aquarium Monitor System," a water sensor designed to continuously track changes in aquarium parameters, alerting users to potential problems before they affect fish. The site also highlights partnerships with aquariums and research institutions, demonstrating the product’s credibility and advanced features, like PAR measurement and remote monitoring. It’s clear Seneye is focused on providing innovative solutions for aquarium enthusiasts and professionals.

Financially, Seneye Ltd presents a mixed picture. Current assets have decreased by 17%, falling to £500,000, while net assets have plummeted 54%, settling at £88,000. Bank borrowings have also seen a significant decrease, dropping 10% to £36,000. However, creditors have increased substantially, rising 25% to £370,000—a sign that the company is relying more on credit from suppliers. Cash reserves have also taken a hit, decreasing 48% to £110,000. 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 decline in equity warrants attention. With no auditor mentioned, the figures are unaudited.

Overall, Seneye Ltd appears to be navigating a challenging period. While its innovative aquarium monitoring system enjoys a strong reputation, the financial data suggests a need for careful management. The company's focus on a niche market and its commitment to quality could prove crucial for long-term success, but it will need to address the declining equity and manage its creditors effectively.

Registered in England/Wales under the registration number 07245685, with a registered address at NR10 3JU, United Kingdom, Norwich, Abbey Farm B1 Abbey Farm Commercial Park, Horsham St Faith.

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