Sigel Enterprises Limited

Sigel Enterprises Ltd from Brentford UK: a small, active company founded two years ago, holds £91,809 in assets, operates from a virtual address, and is led by two directors and a single owner who is also the solo founder. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The business focuses on retail sales via mail order and the internet, operating within the retail sector. While no website was provided, this suggests a potential e-commerce operation, possibly selling goods directly to consumers online. It's likely they have a website or utilize online marketplaces to facilitate sales.

Financially, Sigel Enterprises Ltd presents a mixed picture. While current assets remain steady at £92,000, equity has decreased significantly, dropping to just £5,900. Bank borrowings are stable at £1,200, and cash on hand is consistent at £26,000. Creditors have also remained steady at £86,000. The company’s small size allows for flexibility, but the decline in equity is a point to watch. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data.

The company’s trade debtors are steady at £34,000, and other inventories are also consistent at £32,000. The company's accounts are classified as “Filleted Accounts,” and the accounts status is “Audit Exempt With Accountants Report.” It’s clear the company is operating, but the reduced equity suggests it may be burning through cash, or perhaps reinvesting heavily in the business.

Registered in England/Wales under the registration number 14366844, with a registered address at TW8 9ES, United Kingdom, Brentford, Profile West 950 Great West Road, Suite 2, First Floor.

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