Sikada Ltd

Sikada Ltd from London UK: a small, active company founded fourteen years ago, employs fourteen people, and holds £1,136,436 in assets. It’s a solo-founder operation managed by a single director and owner, Laine Rabjohn. The company regularly imports and exports footwear and related items, with a long history of import activity (108 months) and a shorter record of exports (20 months). It operates an e-commerce site, SaltWater Official UK Shop, selling waterproof leather sandals.

The SaltWater website showcases a wide range of sandals for both men and women, with a focus on quality, durability, and classic design. The site also highlights the brand's heritage, noting that it’s celebrating its 80th anniversary. It’s clear the company is targeting a fashion-conscious customer base, with a focus on British craftsmanship and a curated selection of styles. The site also features a "Show Tell" journal, with content about the brand's story, ambassadors, and styling tips.

Financially, Sikada Ltd’s recent performance presents a mixed picture. Current assets declined by 16% to £1,100,000, while net assets also dropped by 9.2% to £560,000. Bank borrowings decreased by 33% to £360,000, and cash reserves increased by 51% to £390,000. Creditors also decreased by 14% to £260,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

Despite the decrease in current assets, the increase in cash reserves suggests the company is managing its finances reasonably well. The decrease in bank borrowings is a positive sign, indicating reduced reliance on external funding. It’s worth noting that the company’s focus on a niche market—waterproof leather sandals—could provide a buffer against broader economic fluctuations.

Registered in England/Wales under the registration number 07433883, with a registered address at N7 7PH, United Kingdom, London, England, G05 Regent Studios, 1 Thane Villas.

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