Sil-mid Limited

Sil-Mid Limited, based in Coleshill, UK, is a large, holding company with an active status, celebrating 45 years in business. Employing 63 people, the company holds assets worth £13,192,931 and operates from a real address with three directors and one owner. Its e-commerce site and 4.0 Google rating (based on 28 reviews) indicate a customer-facing presence. The company regularly imports plastics and plastic products (304 months) and exports tanning and dyeing products (731 months), showing a diverse trading activity.

The company’s website isn’t detailed, but it’s clear they operate in the non-specialised wholesale trade industries. They are a regular importer and exporter, suggesting a focus on distribution rather than manufacturing. The e-commerce site likely facilitates sales to a broad range of customers.

Financially, Sil-Mid Limited shows some concerning trends. While revenue increased by 18% to £26 million, current assets declined by 14% to £13 million. Bank borrowings increased by 5%, reaching £4.2 million, and cash reserves fell 58% to £1.6 million. Creditors also decreased by 24%, which could be a positive sign of better debt management. Net assets dropped 12% to £8.5 million. The company meets the criteria for a large company, with turnover over £36 million, balance sheet total over £18 million, and more than 250 employees. The unaudited financial statements, prepared using CCH Software, were signed off by BK Plus Audit Limited.

Despite the revenue growth, the decrease in cash reserves and assets suggests Sil-Mid Limited might be burning through money faster than it’s coming in. The increase in bank borrowings further supports this possibility. It's likely the company is investing in its business or facing increased operational costs. The directors, Dhillon Jasmel, Caldwell Jason, and Gant Rodger, will need to address these trends to ensure long-term financial stability.

Registered in England/Wales under the registration number 01460851, with a registered address at B46 1HG, Coleshill, Birmingham, Unit 1 & 2, Roman Park Roman Way.

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