Sinolec Components Limited

Sinolec Components Limited, based in Surrey, UK, is a small, active company established 21 years ago. Employing five people, it holds £777,147 in assets and operates from a virtual address – thirteen companies registered at the same location. With three directors and two owners, the company runs an e-commerce site and has earned a perfect 5.0 Google rating from eight reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 74 months of import activity and 32 months of export activity.

The company's website showcases a vast range of electrical and electronic components, from switches and lamp holders to fuses and connectors. It caters to a diverse clientele, including those in the automotive, marine, and industrial sectors. The site is well-organized, with detailed product descriptions and easy navigation, reflecting a focus on providing a user-friendly online shopping experience. It's clear Sinolec Components Limited aims to be a one-stop shop for electrical component needs.

Financially, Sinolec Components Limited presents a mixed picture. While cash reserves increased by a substantial 140% to £110,000, trade debtors have risen significantly by 210% to £400,000 – potentially indicating challenges in collecting payments. Creditors, however, have decreased by 97% to £570,000, suggesting improved management of short-term liabilities. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the surge in debtors warrants closer monitoring. Fixed assets have fallen by 39%, which could be due to depreciation or strategic investment elsewhere. With no auditor mentioned, the financial statements are unaudited.

Overall, Sinolec Components Limited seems to be navigating a dynamic market. Its strong e-commerce presence and wide product range are positives, but the increase in debtors needs to be addressed to ensure long-term financial health. The company’s focus on electrical components and its regular import/export activity suggest a solid foundation, but the virtual address raises questions about operational efficiency.

Registered in England/Wales under the registration number 05013279, with a registered address at KT17 1BP, Surrey, 69-71 East Street, Epsom.

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