Sinotech Limited

Sinotech Ltd from Market Harborough UK: a small, active company founded 16 years ago, employs six people, and holds £942,722 in assets. It’s a solo-founder operation with one director and a real address. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 114 months of import activity and 31 months of export activity. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company operates in the other business support service activities n.e.c. industries, acting as a global sourcing gateway. Its website details a focus on supplying quality assured, low-cost precision components to the automotive and engineering sectors, primarily sourcing from Asia. Sinotech manages the entire purchasing, manufacturing, and logistical process, even offering one-way packaging and consignment stocking. The website highlights the potential for cost savings—up to 30%—compared to local suppliers, and emphasizes its ability to support lean manufacturing solutions.

Financially, Sinotech Ltd shows some concerning trends. Current assets decreased by 17% to £940,000, while net assets fell 1.4% to £840,000. Bank borrowings decreased by 55%, and cash reserves dropped 13% to £150,000. Trade debtors fell by a significant 47%, suggesting improved collection, but creditors also decreased by 67%, which could indicate a squeeze on working capital. Disposals of plant machinery decreased by 15%, and depreciation impairment increased by 4.6%. The company’s small size helps it stay agile, but the decline in assets and cash reserves warrants closer attention. With no auditor mentioned, the figures are unaudited.

Overall, Sinotech Ltd appears to be a well-established importer and exporter navigating a challenging financial landscape. The company’s focus on global sourcing and lean manufacturing solutions could be key to its future success, but it needs to address the recent decline in assets and cash reserves.

Registered in England/Wales under the registration number 06652360, with a registered address at LE16 9EG, England, Market Harborough, Leicestershire, Unit B1, Sovereign Park Industrial Estate.

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