Silvernet Limited

Silvernet Ltd from Milton Keynes UK is a small, active company founded 20 years ago. With five employees and £472,804 in assets, it’s a family business with two directors and two owners. The company has a real address and regularly imports and exports electrical machinery and equipment – 47 months of imports and 26 months of exports recorded.

Silvernet operates in the manufacture of communication equipment, and telephone apparatus. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company is owned by Ballard Christopher Roland and Ballard Mandy Joyce, and both are also directors.

Looking at the financials, Silvernet shows some concerning trends. Property, plant, and equipment have depreciated significantly, with a 42% decrease in total value. Cash reserves have also fallen by 6%, dropping to £160,000. Bank borrowings have disappeared, which could be a positive, but creditors have risen sharply by 23%, reaching £190,000. Trade debtors have also fallen by 16%, which could indicate difficulties in collecting payments. Despite these challenges, the company's net assets still stand at £310,000, and its current assets are £470,000.

It's worth noting that Silvernet is a small company and therefore exempt from an audit, so the financial information is unaudited. The company's focus on importing and exporting electrical equipment suggests a B2B model, and the lack of a website makes it difficult to assess its online presence and customer reach. The financial data doesn't mention an auditor, which is typical for companies of this size.

Registered in England/Wales under the registration number 05386276, with a registered address at MK8 0ES, England, Milton Keynes, Buckinghamshire, 19 Presley Way Crownhill.

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