Sima Asphalt Limited

Sima Asphalt Ltd from Leighton Buzzard UK: a small, active company founded nine years ago, employs three people, and holds £447,180 in assets. It operates from a virtual address and is led by one director and two owners. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last 21 months.

Sima Asphalt specializes in providing additives and engineering support for asphalt production. Their website highlights their expertise in warm mix additives, particularly LowTherm 4G, which they claim consistently outperforms competitors. They also supply dosing systems and offer full installation and lifetime maintenance. The company caters to both the supply of additives and the engineering of support, and is determined to change the way asphalt is manufactured.

Financially, Sima Asphalt presents a mixed picture. While current assets increased slightly to £450,000, net assets have dramatically decreased to just £1,000 – a significant drop. Bank borrowings have also fallen by 59%, and cash reserves have declined by 15% to £35,000. Creditors have increased by 28%, and trade debtors have fallen by 12%. The company’s small size, meeting two of three conditions for being a small company, helps with agility, but the sharp equity drop raises concerns. No auditor is mentioned, likely due to exemption as a small company, and the figures are unaudited.

The company's financial data suggests it's burning through money, although it’s difficult to tell if this is a temporary situation or a longer-term trend. The focus on innovative products and engineering support, however, indicates a commitment to growth, and the company seems to be well positioned to capitalize on the demand for sustainable asphalt solutions.

Registered in England/Wales under the registration number 09963148, with a registered address at LU7 1EA, England, Leighton Buzzard, 30 High Street.

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