Sew Europe Limited

Sew Europe Ltd, based in Liverpool, UK, is a small, active company established nineteen years ago in 2005. With four employees and £156,259 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports machinery, boilers, and mechanical appliances parts—a consistent activity over the past 22 months, with the latest import in June 2024. Export activity is less frequent, with just one month of exports recorded in June 2023.

The company specializes in the wholesale of machinery for the textile industry and of sewing and knitting machines. It's a small business, meeting two of the three criteria for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). Its website is non-existent, so there’s no indication of e-commerce activity or direct sales.

A review of the company’s financial data reveals a mixed picture. Current assets decreased by 11% to £160,000, while net assets remained relatively stable at £180,000. Bank borrowings decreased by 15%, down to £2,800, and cash reserves declined by 14% to £58,000. Creditors decreased by 27%, suggesting improved debt management. Trade debtors saw a significant drop, falling 36%, which could be a positive sign of quicker payments.

The company’s equity remained consistent, at £180,000, but accumulated depreciation impairment property plant equipment increased slightly, by 2%. The number of employees reported increased from four to six, a 50% increase, which may have impacted profitability. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Sew Europe Ltd appears to be navigating a period of change. While its financial position isn't in crisis, the decrease in assets and cash reserves warrants attention. The increase in employees suggests expansion, but whether this translates to increased profitability remains to be seen.

Registered in England/Wales under the registration number 05493326, with a registered address at L9 1DD, England, Liverpool, 88 Rice Lane.

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