S.i.p.(industrial Products)limited

S.I.P. (Industrial Products) Limited, based in Shepshed, Leicestershire, is a large, active company founded fifty-six years ago in 1968. With a real address and a Google rating of 9.0 based on 37 reviews, the company employs sixty-six people and holds assets worth £11,176,734. Annual revenue reached £16,346,570, positioning it as a significant player in the industrial equipment sector. Four directors and two owners oversee operations, with Trident 2020 Ltd and Ippaso Paul being key stakeholders. The company operates an e-commerce site, showcasing a wide range of products, from air compressors to welding equipment.

S.I.P. (Industrial Products) Limited specializes in the wholesale of other machinery and equipment, with a particular focus on importing and exporting industrial products. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 1586 months of import activity recorded. It also exports these same items, with 352 months of export activity. The company's website highlights its commitment to providing specialist machinery products, with a focus on quality and customer service.

Financially, S.I.P. (Industrial Products) Limited shows some concerning trends. While cash bank on hand increased dramatically by 440% to £1.9 million, net assets decreased by 5.5% to £7 million. Bank borrowings decreased by 61% to £190,000, and trade debtors decreased by 10% to £3.8 million. The company’s creditors increased by 5.6% to £2.7 million. The company’s losses deepened to -£460,000, despite a 20% increase in revenue. The company's auditor is Mark J Rees LLP Chartered Accountants. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and more than 250 employees) helps it stay agile, but the equity drop raises questions. The company’s unaudited financial statements rely on director-reported data.

Despite the financial pressures, S.I.P. (Industrial Products) Limited appears to be maintaining a strong online presence and positive customer reviews, suggesting a focus on customer satisfaction and a commitment to providing quality products.

Registered in England/Wales under the registration number 00942287, with a registered address at LE12 9NH, Loughborough, Leicestershire, Gelders Hall Road, Shepshed.

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