Sinden Technology Ltd

Sinden Technology Ltd is a small, active holding company based in Coventry, UK, established six years ago. With two employees and £240,265 in assets, the company operates from a real address and is overseen by one director and owner. While it’s an irregular importer of electrical machinery and equipment (last import in August 2023), it’s a regular exporter (last export in August 2024) specializing in the same category.

The company’s primary focus, as revealed by its website, Sinden Lightgun, is the development and sale of a unique LCD-compatible lightgun. This innovative device, marketed as the "Sinden Lightgun," aims to replicate the functionality of original CRT lightguns without the need for infrared sensors. The website highlights its compatibility with popular games like Duck Hunt, Time Crisis, and Virtua Cop, and directs customers to its Shopify store for purchases. The site also showcases a separate venture, Sinden Arcade, focusing on piano restoration and related services.

Financially, Sinden Technology Ltd presents a mixed picture. Current assets have significantly decreased by 61%, dropping to £240,000, while net assets have increased by a substantial 60%, reaching £670,000. Cash reserves have taken a hit, declining by 78% to £110,000. However, trade debtors have also decreased by 23%, suggesting improved collection efforts. Bank borrowings have surged by 2,400%, reaching £29,000, and creditors have dropped by 64%, indicating better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp drop in cash reserves warrants attention. The company is exempt from an audit, and the unaudited financial statements rely on director-reported data.

The increase in bank borrowings alongside the drop in cash reserves suggests the company might be burning through money, perhaps fueled by investments in the lightgun technology or the expansion of the piano restoration business. The fact that the company is a holding company, with a separate entity, Sinden Group Ltd, owning it, could indicate a broader strategy involving multiple ventures, but also introduces the possibility of inter-company transactions that aren’t fully transparent in these reports.

Registered in England/Wales under the registration number 11373370, with a registered address at CV3 6GN, England, Coventry, 2 Stivichall Croft.

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