Siner Ltd

Siner Ltd is a small, active company based in London, UK, founded three years ago. With 35 employees and £89,184 in assets, it operates from a virtual address, managed by a single director and owner – the solo founder, Goktas Fatih Sinan. The company’s activities span retail sales (both online and in physical stores), mail order, and freight transport.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce platform. However, its business description suggests a diverse range of operations, from traditional retail to logistics.

Financially, Siner Ltd presents a mixed picture. While current assets have increased by 31% to £89,000, net assets have plummeted by a staggering 780% to -£2,400. Cash reserves have improved significantly, growing by 76% to £96,000, but bank overdrafts remain steady at £3,500. A concerning trend is the sharp decrease in trade debtors, which fell by a whopping 150% to -£6,900 – this could indicate issues with collecting payments or a shift in sales strategy. Creditors have also decreased by 13%, suggesting better debt management. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the significant equity decline warrants attention. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Siner Ltd appears to be navigating a challenging financial period. The increase in cash reserves is a positive sign, but the substantial equity loss and the decline in trade debtors raise concerns about its long-term viability. It's clear that the company is burning through money, and the lack of clear information about its operations makes it difficult to assess the underlying causes.

Registered in England/Wales under the registration number 13917436, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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