Sincere Uk Limited

Sincere Uk Ltd from Darwen UK is a small, active company founded 24 years ago. With six employees and £1,333,187 in assets, it operates from a virtual address and is managed by five directors and two owners – a family business. The company regularly imports and exports toys, games, and sports equipment, having imported for 39 months and exported for 16 months. It operates within the wholesale of household goods industry.

The company’s website showcases a diverse range of products, including potted plants, bridal items, and trees, suggesting a retail focus alongside its wholesale activities. It also highlights seasonal offerings like Christmas items and autumnal displays, indicating a commitment to catering to various customer needs. A section dedicated to news features phishing scam warnings and upcoming trade fair appearances, showing a proactive approach to customer communication and industry engagement.

Financially, Sincere Uk Ltd’s recent performance presents a mixed picture. Current assets have decreased by 21%, falling to £1,300,000, while net assets have experienced a significant drop of 86%, now standing at £28,000. Bank borrowings have reduced by 17%, reaching £210,000, and cash reserves have fallen by 30%, settling at £28,000. Creditors have decreased by 18%, which suggests improvements in debt management. The company meets two of the three criteria to be considered small, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company, and the figures are unaudited.

Overall, Sincere Uk Ltd appears to be navigating a period of financial adjustment. While its import and export activities remain consistent, the decline in net assets warrants close attention. The company’s family ownership and diverse product range provide a foundation for future growth, but managing its financial position will be key to its long-term success.

Registered in England/Wales under the registration number 04124430, with a registered address at BB3 0DG, Darwen, Lancashire, St Andrews House 11 Dalton Court, Commercial Road Blackburn Interchange.

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