Sinco Toys Ltd

Sinco Toys Ltd from Manchester UK: a small, holding company with an active status, was founded nine years ago. The company holds £1,112,067 in assets, operates from a real address, and is managed by two directors and one owner. It’s a regular importer of toys, games, and sports equipment, with twelve months of import activity recorded, though the last import operation was made way back in March 2022.

The company’s website simply states "Home," offering little insight into its operations beyond its name. It appears to be primarily focused on wholesale trade, likely supplying retailers rather than selling directly to consumers.

Financially, Sinco Toys Ltd presents a mixed picture. Current assets have fallen by 25%, dropping to £1,100,000, while net assets have also declined, settling at -£2,200,000. Bank borrowings have been drastically reduced, falling by 85%, and cash reserves have also plummeted by 87%, leaving just £7,500. Creditors have decreased by 8.7%, and trade debtors have fallen by a significant 42%. The company’s small size—meeting two of three conditions for a small company—helps it remain nimble, but the substantial equity drop is concerning. The lack of employees (zero reported) suggests a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s significant accumulated depreciation, particularly in property, plant, and equipment, is notable. This could be due to aging inventory or equipment, and it’s something to keep an eye on. The fact that the company has taken an exemption in not publishing its own profit and loss statement is also something to note.

Registered in England/Wales under the registration number 10099844, with a registered address at M25 1JA, England, Manchester, 315 Bury Old Road.

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