Sitehop Ltd

Sitehop Ltd, based in Sheffield, UK, is a small, active company founded three years ago. With five employees and £639,942 in assets, it operates from a real address and is overseen by five directors, though no owners are officially listed. The company is involved in the manufacture of computers and peripheral equipment, and provides solutions for industries like telecom, critical infrastructure, and data centers. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Sitehop’s website highlights its focus on quantum-ready encryption solutions, emphasizing speed, security, and energy efficiency. It offers FPGA-powered encryption for data in motion, targeting industries facing evolving cybersecurity threats. The company’s SAFE Series is positioned as a next-generation encryption system, delivering ultra-fast performance and post-quantum resilience. It’s clear they're targeting a niche market with high-performance computing and data security needs.

Financially, Sitehop Ltd presents a mixed picture. While current assets increased by 35% to £640,000, equity plummeted 120% to -£100,000, a significant decline. Bank borrowings increased by a staggering 2300%, reaching £790,000, and cash reserves decreased by 6% to £370,000. Trade debtors rose sharply by 230%, suggesting potential challenges in collecting payments. Creditors, however, decreased by 10%, possibly indicating improved debt management. The lack of an auditor (likely exempt as a small company) means the figures are unaudited. The company’s small size allows for agility, but the substantial equity loss and increased borrowings raise concerns about its long-term financial stability. It's possible that the company has been investing heavily in research and development or expanding its operations, which could explain the current financial pressures.

Registered in England/Wales under the registration number 13602589, with a registered address at S11 8HA, England, Sheffield, South Yorkshire, 63 Napier Street.

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