Siticommerce Ltd

Siticommerce Ltd is a small, active company based in Havant, UK, founded seven years ago in 2017. With just one employee and £92,487 in assets, it operates from a virtual address—a fact highlighted by the presence of 397 other companies registered at the same location. The company is led by one director and has two owners, although the list of owners was changed five years ago and isn’t exhaustive.

Siticommerce Ltd’s website paints a picture of a company focused on helping businesses establish an online presence. It offers e-commerce solutions, showcasing a platform designed to be accessible and affordable. The site emphasizes benefits like increased brand awareness, wider customer reach, and reduced overhead costs compared to a physical store. It even provides a demo version, allowing potential clients to experience the system firsthand. The website highlights partnerships with companies like TrovaPrezzi, offering free clicks and increased visibility.

Financially, Siticommerce Ltd’s numbers present a mixed bag. While current assets increased by a respectable 38% to £92,000, creditors have risen significantly, jumping 45% to £75,000. This increase in debt could indicate investments in growth or a reliance on credit to manage operations. Cash bank on hand has decreased by 22% to £5,000, and the company’s trade debtors have increased by a staggering 120% to £71,000. This could be a sign of slower customer payments, or perhaps an expansion of credit terms. The company’s equity, however, has grown by 15% to £17,000, suggesting some retained earnings. As a small company meeting two of three criteria for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s exempt from an audit, and the financial statements are unaudited.

The company’s focus on e-commerce solutions and its partnerships suggest a desire to capitalize on the growing online marketplace. However, the rise in debt and slower payments will need to be addressed to ensure long-term financial stability.

Registered in England/Wales under the registration number 11006067, with a registered address at PO9 1QU, England, Havant, Hampshire, Station House, North Street.

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