Simvic Limited

Simvic Ltd from Chertsey, UK, is a small, active family business established 14 years ago. With 11 employees and £2,796,546 in assets, it operates from a real address and is overseen by two directors and four owners. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 21 months of import activity and 6 months of export activity recorded.

The business’s website is unavailable, making it difficult to determine the extent of its e-commerce operations. However, the company is described as operating in the collection of non-hazardous waste, the treatment and disposal of non-hazardous waste industries.

Financially, Simvic Ltd presents a mixed picture. Accumulated depreciation on motor vehicles increased by 3.9%, while plant machinery saw a smaller increase of 2.5%. The number of employees decreased by 18%, dropping to nine. Bank borrowings decreased significantly by 40%, and cash reserves fell by 4.4% to £1,400,000. Creditors decreased by 43%, suggesting improved debt management, but loans from directors surged by 77% to £420,000. Despite this, net assets increased by 25% to £1,700,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The increase in loans from directors, coupled with the decrease in cash reserves, suggests the company may be relying on external funding to support its operations. The decrease in employees could be a result of restructuring or cost-cutting measures. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so should be viewed with some caution. Overall, Simvic Ltd appears to be navigating a period of change, balancing growth in its import/export activities with managing its financial resources.

Registered in England/Wales under the registration number 07505446, with a registered address at KT16 8HG, England, Chertsey,, Unit 4 Fordwater Trading Estate, Ford Road.

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