Senvo Uk Ltd

Senvo Uk Ltd is a small, active company based in Grimsby, UK, established six years ago in 2018. The company, with just one director and owner (a solo founder), operates an e-commerce site and is registered at a virtual address shared by over 1000 other companies. It holds £51,660 in assets and is involved in importing machinery, boilers, and mechanical appliances, though its import activity is irregular, with just one month of imports recorded as of May 2020. The company operates as agents involved in the sale of machinery, industrial equipment, ships and aircraft industries.

The company’s website, while not detailed, suggests a focus on facilitating sales within the industrial sector. It’s unclear if the e-commerce site is a primary revenue stream or a supplementary channel.

Financially, Senvo Uk Ltd presents a concerning picture. Cash reserves have plummeted 88%, dropping to just £19,000, while bank borrowings have surged to £35,000. Creditors have also increased significantly, rising by 1200%, reaching £35,000. Net assets have declined by 73%, leaving the company with a negative equity of just £1,800. While trade debtors have increased by 46%, suggesting potentially delayed payments, the overall trend points to a company burning through cash. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

In short, Senvo Uk Ltd appears to be facing financial challenges. The company’s reliance on irregular imports and a potentially limited e-commerce presence, coupled with rising debts and dwindling cash reserves, suggests a need for careful management.

Registered in England/Wales under the registration number 11442980, with a registered address at DN32 7AA, England, Grimsby, 6-8 Freeman Street.

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