Sice Previt Uk Ltd

Sice Previt Uk Ltd, based in London, is a small holding company with an active status, established five years ago. It employs a single individual and holds £32,618 in assets, operating from a virtual address shared by fifty-three other companies. The company is managed by one director and one owner, and runs an e-commerce site, regularly importing furniture, lighting, and prefabricated buildings—a trend observed over the last ten months, with the most recent import occurring in December 2022.

The company's website reveals a broader scope of operations than initially apparent. Sice Previt isn't just an importer; it’s a construction and furniture company specializing in high-end projects. It offers services ranging from general contracting and millwork to finishes and decoration, catering to both commercial and residential clients. The site details a history stretching back to 1961, highlighting expansions into carpentry, metalwork, and marble/glass processing. A newer venture, SPLAB, is a design laboratory focusing on experimental furniture, showcasing a line of tables in 2024. The website also mentions international representation with branches in France and the UK.

Financially, Sice Previt Uk Ltd presents a concerning picture. Current assets have plummeted 65%, dropping to £25,000, and net assets have fallen even further, now at -£25,000. Cash reserves have also taken a hit, decreasing by 43% to £30,000. Debtor balances have dramatically shrunk, down 90% to just £3,000, while bank borrowings have increased. Creditors have also risen, although not as drastically. The company's small size—meeting two of three criteria for being considered small—means it avoids a full audit, relying on unaudited statements.

The sharp decline in equity suggests the company is burning through cash, possibly due to increased operating costs or delayed payments. The reliance on a virtual address, shared with many other businesses, could also indicate cost-saving measures. While the company’s website projects an image of established expertise and international reach, the financial data paints a more precarious picture.

Registered in England/Wales under the registration number 12291448, with a registered address at N1 1QB, England, London, C/O Accountsco, 47 Islington Park Street.

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