Sitco Ltd

Sitco Ltd is a small, active company based in London, UK, founded four years ago in March 2021. The company employs just one person and holds £4,285 in assets. With a real registered address and a single director and owner, it’s a compact operation. It operates in a diverse range of industries, including retail sale via mail order, IT services, and advertising agencies.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its online presence and e-commerce activities. Without a website, it's hard to tell if Sitco Ltd is primarily an e-commerce business, or if it operates through other channels.

Financially, Sitco Ltd presents a mixed picture. Current assets have seen a dramatic increase, jumping 1300% to £4,300, while cash bank on hand has also seen a huge increase, rising 100% to £8. However, equity has declined by nearly 50%, falling to £430. Creditors have increased significantly, rising 820% to £4,400, and net assets have also decreased by 44% to £530. The company’s small size (meeting two of three conditions for being small) helps it stay nimble, but the equity decline and increased creditors raise questions about its financial health. The company’s retained earnings and accumulated losses are also in decline. There's no auditor mentioned, which is common for small companies.

Overall, Sitco Ltd appears to be navigating a period of change. While its assets and cash reserves have improved, the decline in equity and increase in creditors suggest it’s burning through money. The lack of a website makes it difficult to fully assess its business model and long-term prospects, but it's clear that the company is facing challenges.

Registered in England/Wales under the registration number 13257604, with a registered address at E6 2JA, United Kingdom, London, Office 12218c 182-184 High Street North, East Ham.

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