Sim Demon Ltd

Sim Demon Ltd, based in Tiverton, UK, is a small, active company founded five years ago in 2019. Employing five people, the company holds £243,511 in assets and operates a real address. With three directors and three owners, Sim Demon Ltd runs an e-commerce site and regularly imports toys, games, and sports equipment—a consistent activity spanning 32 months, with the latest import in September 2024.

The company specializes in design activities and is a key distributor for brands like Fanatec, Asetek, and SimuCube, offering a wide range of products including steering wheels, pedals, rigs, and accessories for sim racing enthusiasts. Their website showcases a comprehensive selection, highlighting both new products and a "try before you buy" experience at their demo centre in the South West. They also offer turnkey simulators and even provide services like SIM rental and technical support.

Financially, Sim Demon Ltd presents a mixed picture. While cash bank on hand increased significantly by 280% to £74,000, equity dropped by a substantial 83% to just £6,900. Bank borrowings increased to £2,400, and net assets decreased by 23% to £110,000. Creditors, however, saw a dramatic increase of 520%, reaching £140,000. The company’s small size—meeting two of three conditions for being a small company—allows for agility, but the sharp decline in equity raises concerns. No auditor is mentioned, which is common for small companies. The company's trade debtors decreased by 33%, which could be a positive sign of better payment collection.

Overall, Sim Demon Ltd seems to be navigating a period of change, with strong sales potentially fueling growth, but also requiring careful management of finances and debt.

Registered in England/Wales under the registration number 12344882, with a registered address at EX16 6GT, England, Tiverton, Devon, Unit 6 Cedar Court Tiverton Business Park, Lowman Way.

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