Sida Supplies Limited

Sida Supplies Ltd from Dunstable UK: a small, active company founded thirteen years ago, employs just one person, and holds £174,447 in assets. Operating from a virtual address, the company is led by a single director and owner. It’s a compact operation, meeting two of three criteria to be classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s core business involves retail sale via mail order houses or via internet industries. It appears to operate a bathroom supply shop, with a focus on online sales. While no website is available to examine, this suggests a straightforward e-commerce model, likely selling a range of bathroom fixtures, accessories, and potentially, installation supplies.

Financially, Sida Supplies Ltd presents a mixed picture. While cash bank on hand has seen a significant increase, jumping 1600% to £19,000, net current assets liabilities remain negative at -£15,000—a slight improvement from the previous year’s -£21,000. Creditors have risen slightly by 6.4% to £190,000, while debtors have remained stable. A notable shift is the reduction in director’s advances, with a 87% decrease from £140,000 to just £18,000. The company’s small size and exemption from a full audit (likely due to being a small company) mean the figures are unaudited.

The rise in cash reserves is encouraging, suggesting improved cash flow management. However, the persistent negative equity indicates the company is burning through money, likely due to ongoing operational costs. The director’s reduced borrowing could be a conscious effort to reduce debt, or a reflection of reduced business activity. The lack of employees, while keeping overhead low, may also limit growth potential.

Registered in England/Wales under the registration number 08023286, with a registered address at LU6 3BA, England, Dunstable, Bedfordshire, Three Counties House, 18a Victoria Street.

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