Sip Limited

Sip Ltd from Steyning UK is a large, active company founded 37 years ago. With 23 employees and £11,197,853 in assets, it operates from a virtual address—a point to note as 181 companies share the same address—and is overseen by four directors and one owner. Google users rate it 4.0 stars based on 37 reviews, reflecting a generally positive customer experience. The company is a regular importer of mineral fuels, oils, and related products, with 88 months of import activity recorded, the last in January 01, 2025.

Sip Ltd’s core business revolves around the wholesale of petroleum and petroleum products, as highlighted on its website. It’s a comprehensive online platform showcasing a wide range of industrial equipment, from air compressors and cleaning machines to welding gear and woodworking tools. The site’s structure suggests a B2B model, catering to trade professionals rather than individual consumers. It's not an e-commerce site, but rather a catalogue with contact information for inquiries. The site also promotes its own brand, SIP WELDMATE, alongside equipment from other manufacturers like DWALT, NARDI, and WINNTEC.

Financially, the picture is mixed. While assets remain substantial at £11,197,853, several key indicators point to potential challenges. Accrued liabilities and deferred income have decreased by 15%, which is good, but administrative expenses have fallen by a significant 31%, suggesting cost-cutting measures. Cash and cash equivalents have also declined by 31%, and net losses have deepened considerably. Bank borrowings have increased, and trade debtors have ballooned, indicating potential issues with customer payments. Despite these concerns, creditors have decreased, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) provides some agility, but the decline in equity warrants closer scrutiny. The absence of a named auditor suggests the company is exempt from external audit requirements.

Overall, Sip Ltd appears to be navigating a period of adjustment. While its established market position and broad product range offer stability, the financial trends suggest a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 02185735, with a registered address at BN44 3TN, United Kingdom, Steyning, West Sussex, The Courtyard Shoreham Road, Upper Beeding.

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