Sg Wholesale Trading Limited

Sg Wholesale Trading Limited, based in London, UK, is a small, active company founded eight years ago in 2016. It employs just one person and holds £9,607 in assets, operating from a real address with one director and one owner. The company is a regular importer, specializing in jewelry, precious stones, and metals—with 12 months of import activity recorded, the last operation occurring in November 2023.

The company's website, SG Trading, positions itself as "The Leading UK Stock Clearance Company." It focuses on buying surplus stock from various sources—from small shop clearances to large factory warehouses—both within the UK and across Europe. The site highlights a prompt and efficient service, with contingencies for problem consignments, and emphasizes full payment via Bank Draft or CHAPS transfer prior to goods movement. SG Trading isn't a limited company, but a sole trading family business, and actively solicits contact via phone and email. It also handles sales, warehouse operations, and even has a dedicated attention of Tony ThodayMichael Harrow for samples.

Financially, Sg Wholesale Trading Limited presents a concerning picture. While the company is small (meeting two of three conditions for a small company), its net assets liabilities have increased dramatically, rising 110% to -£47,000. Current assets remain at £9,600, but creditors have also increased significantly, jumping 78% to £57,000. Bank borrowings are not mentioned, and cash reserves are not apparent from the provided data. The company’s accounts are abridged and unaudited, and there is no auditor mentioned. It’s worth noting that the company has been taking exemption under the Companies Act in not publishing its own profit loss account. The company’s debts free comment mentions unpaid director’s remuneration, FTX Trading Ltd., and a director, John Christopher.

In short, Sg Wholesale Trading Limited appears to be struggling financially, despite its active import business and stock clearance focus. The lack of employees and reliance on a sole trading structure may contribute to these challenges.

Registered in England/Wales under the registration number 10347122, with a registered address at N1 7AA, England, London, 275 New North Road, Suite 674.

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