Sib & Salt Ltd

Sib & Salt Ltd, based in Preston, UK, is a small, active company founded just one year ago. It holds £8,687 in assets and operates a virtual address, registered with seventy-nine other companies. The company is run by two directors and two owners, and it’s an e-commerce site selling swimwear and accessories.

The website, SibandSalt, showcases a range of collections – The Bloom, The Sunshine, The Shell, The Sand, The Sage – all featuring swimwear and related items like ponchos and hats. The site is well-designed, with clear product images and descriptions, and a focus on UPF 50 protection. It’s a modern, online retail operation, clearly aiming to capture the summer fashion market.

Financially, Sib & Salt Ltd is showing some concerning trends. While the company is small (meeting two of three criteria for a small company), its equity sits at a negative -£5,800. This means the company owes more than it owns. Cash reserves are at a modest £1,700, and creditors are stable at £15,000. Trade debtors are a bit high at £1,000. The company’s reliance on inventory – valued at £5,900 – suggests it’s managing stock levels carefully, but the negative equity is a potential warning sign. There’s no auditor mentioned, which is typical for a small, exempt company.

It's likely the company is burning through cash to establish its online presence and build its brand. The lack of employees (zero reported) indicates a lean operation, but the negative equity suggests it may need to secure additional funding or adjust its business model to achieve profitability.

Registered in England/Wales under the registration number 14828873, with a registered address at PR2 9NB, United Kingdom, Preston, Lancashire, Shorrock House 1 Faraday Court, Fulwood.

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