Sirus Automotive Ltd

Sirus Automotive Ltd from Wednesbury UK: a small holding company with an active status, was founded 21 years ago. Employing 66 people, the company holds assets worth £1,979,388 and operates from a real address. It’s managed by five directors and has one owner. Sirus Automotive regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with 8 months of import activity and 9 months of export activity recorded.

The company’s primary focus appears to be the repair and maintenance of other transport equipment, operating within the small companies regime. Its website doesn't provide much detail, so it's difficult to determine if it operates an e-commerce site.

Financially, Sirus Automotive Ltd shows a mixed picture. While current assets increased by 14% to £2,000,000, net assets decreased by 14% to £990,000. Bank borrowings decreased by 20% to £780,000, but overdrafts increased significantly by 80% to £420,000. Creditors also increased by 30% to £2,000,000. Cash reserves plummeted by 100% to a mere £280, a worrying trend. The company meets two of the three criteria to be considered small (turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees). The unaudited financial statements don’t mention an auditor, which is likely due to its small size.

The significant decrease in cash reserves, despite increased assets, suggests the company may be burning through cash faster than it’s generating it. The increase in bank overdrafts reinforces this concern. However, the decrease in bank borrowings and creditors indicates some improvement in debt management. Overall, Sirus Automotive Ltd appears to be navigating a challenging financial period, but its small size and focus on a specific niche may help it weather the storm.

Registered in England/Wales under the registration number 05017846, with a registered address at WS10 7XB, England, Wednesbury, Unit 2, Britannia Park, Trident Drive.

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