Sime Catering Equipment Limited

Sime Catering Equipment Ltd from Atherstone UK is a small, active company founded fifteen years ago. With seven employees and £110,077 in assets, it operates a real address and is managed by two directors and owners. The company runs an e-commerce site and enjoys a perfect 5.0 Google rating based on four reviews. It’s a regular importer of electrical machinery and equipment, with recent activity recorded four months ago.

The business focuses on the repair of electrical equipment, and its website details a range of services related to commercial kitchen appliances. While no specific details are given on the website, it’s clear the company serves a B2B market.

Financially, Sime Catering Equipment Ltd presents a mixed picture. Accumulated depreciation for furniture and fittings increased by 14%, while motor vehicle depreciation saw a significant drop of 40%. Bank borrowings have surged by 79%, reaching £14,000, and corporation tax payable has spiked by a massive 6,400%, hitting £5,700. Current assets have decreased by 24% to £110,000, and net assets have fallen by 31% to -£22,000. Creditors have also decreased by 24%, which could suggest improved debt management. The company meets the criteria to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company’s small size.

While the company’s assets are relatively low, the increase in bank borrowings and the negative equity raise concerns. However, the decrease in creditors indicates some financial discipline. The company's small size allows it to be agile, but the financial pressures require close monitoring.

Registered in England/Wales under the registration number 07059028, with a registered address at CV9 2QX, England, Atherstone, Warwickshire, Unit 35, Innage Park Abeles Way, Holly Lane Industrial Estate.

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