Simplywire Ltd

Simplywire Ltd, based in West Malling, UK, is a small, family-run e-commerce business founded six years ago. The company, currently active, employs just one person and holds £1,007,519 in assets. With two directors and two owners, it operates from a real address and regularly imports iron or steel products—22 months of import activity were recorded, with the latest in December 2024. Its website, hellosimplywire.co.uk, showcases a range of storage solutions, tableware, and bathroom accessories, targeting tidy homes and organised spaces.

The company's website highlights a focus on retail via mail order and internet sales, offering products like dish drainers, kitchen organisers, and bathroom storage. It also features a "Vacation Offer Collection" and emphasizes free standard shipping for orders over £35. The site's design is clean and modern, with clear product categories and a user-friendly shopping cart. It also has a blog with useful home products.

Financially, Simplywire Ltd shows a mixed picture. Current assets decreased by 21% to £1,000,000, while net assets fell 12% to £740,000. Cash reserves increased by 21% to £410,000, which is a positive sign. However, bank borrowings increased slightly to £590, and creditors decreased significantly by 67% to £65,000. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the decrease in net assets warrants attention. The company is exempt from an audit as a small company, so the financial statements are unaudited.

Overall, Simplywire Ltd appears to be a steady, albeit small, e-commerce business. While the decrease in net assets is a concern, the increase in cash reserves and decrease in creditors suggest improved financial management. It’s clear the company is focused on providing stylish storage solutions and maintaining a user-friendly online shopping experience.

Registered in England/Wales under the registration number 11789390, with a registered address at ME19 5EB, England, West Mallling, Kent, Cedar House Church Lane, Trottiscliffe.

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