Sim Local (uk) Ltd

Sim Local (UK) Ltd, based in Newmarket, UK, is a small holding company with an active status, established thirteen years ago in 2012. The company employs forty-six people and holds £2,710,399 in assets, operating from a virtual address registered with 122 other companies. It's managed by three directors and has one owner. Sim Local (UK) Ltd regularly imports machinery, boilers, and mechanical appliances parts, with its last import operation occurring in March 2017.

The company's primary focus is providing eSIM solutions for travelers, as evidenced by its website. It operates an e-commerce platform, Sim Local Store, offering a range of travel eSIM plans for various destinations, including the United Kingdom, United States, Europe, and Australia. The website emphasizes its partnerships with local providers, offering up to 5G speeds and a “no quibble refund” policy. Customers can choose from a variety of plans, including destination-specific and multi-destination options, and even manage their eSIM plans through a mobile app. The website also features a blog with travel tips and guides, reinforcing its position as a travel resource.

Financially, Sim Local (UK) Ltd shows a mixed picture. While net assets increased by 4.7% to £1,600,000, cash reserves dropped significantly by 64% to £270,000. Bank borrowings decreased by 47% to £1,400, and trade debtors increased by 33%, suggesting a possible shift in payment terms. Creditors also increased by 6.6% to £1,700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in cash reserves could indicate a need for careful financial management. The company's unaudited accounts, overseen by Annatrice Limited, rely on director-reported data.

The increase in average employees, from 46 to 62, suggests expansion and increased operational activity. However, the substantial increase in other debtors, by 89%, could indicate challenges in collecting payments, or perhaps a strategic decision to extend credit terms. Overall, Sim Local (UK) Ltd appears to be navigating a period of growth, but with some financial headwinds to address.

Registered in England/Wales under the registration number 07915684, with a registered address at CB8 7PN, England, Newmarket, 3b Rosemary House Lanwades Business Park, Kennett.

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