Siid Limited

Siid Limited is a small, holding company based in Warwick, UK, with an active trading status. Founded five years ago in November 2019, the company employs just two people and holds £221,076 in assets. It operates from a real address and is overseen by five directors, with one owner. Siid Limited regularly imports machinery, boilers, and mechanical appliances; parts, with 42 months of import activity recorded, the last in November 19, 2021. It also exports these same items, with 11 months of export activity, the last in September 1, 2021.

The company's website reveals it operates as a recruitment agency, specializing in commercial and industrial sectors across Staffordshire and Cheshire. It offers services including candidate sourcing, training, and onsite support, catering to businesses seeking to fill temporary and permanent roles. The site highlights a team with over 125 years of combined recruitment experience and emphasizes a commitment to efficient and cost-effective staffing solutions. It even has a partnership with RKW, providing a dedicated onsite service and training scheme.

Financially, Siid Limited presents a mixed picture. Current assets have dramatically decreased by 62%, falling to £220,000. Net assets have also plummeted 99%, ending at a meager £22,000. Bank borrowings have increased significantly, and cash reserves have fallen by 82%, leaving just £1,400. However, creditors have also decreased slightly, suggesting some improvement in debt management. The company meets the criteria for a small company—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from a full audit.

The significant drop in assets and cash reserves is concerning, although it could be a temporary setback. The company's focus on recruitment and training, coupled with its established partnerships, provides a solid foundation for future growth, but it will need to carefully manage its finances to ensure long-term sustainability. The lack of a named auditor is not unusual for a small company, but it does mean the figures rely on unaudited statements.

Registered in England/Wales under the registration number 12295534, with a registered address at CV34 6LG, England, Warwick, C/O 3a Tournament Court, Tournament Fields.

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