Sky East Uk Ltd

Sky East Uk Ltd, based in London, is a small, active company established eleven years ago in December 2013. With three employees and £1,035,297 in assets, it operates from a virtual address shared by 125 other companies – a bit unusual. The company is managed by three directors, including Balakarev Maxim, and has one owner, also Maxim Balakarev. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as far back as December 2019.

The company’s website describes Sky East Holding as running various projects, with Easychar being one of them. It seems to be a holding company involved in diverse business areas. The website doesn’t give much detail, but suggests a broader scope than just importing electrical equipment.

Financially, Sky East Uk Ltd’s numbers show a mixed picture. Accumulated depreciation on plant machinery remained steady, but vehicles saw a slight increase. Bank borrowings rose by 3.2%, while the bank overdraft dramatically decreased by 72%, leaving just £19,000. Cash reserves, however, vanished entirely, dropping 100% to a mere £5. Creditors increased by 3.2% and trade debtors rose by 17%, suggesting potential issues with collecting payments. Despite these challenges, the company’s net assets increased slightly by 2.7%. The company’s small size—meeting two of three conditions for a small company—helps with agility, but the sharp decline in cash is concerning. No auditor is mentioned, as it’s likely exempt due to its size.

Overall, Sky East Uk Ltd appears to be navigating a period of financial strain. While it’s a small, active business, the decline in cash reserves and increased debt raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 08824299, with a registered address at EC3M 1EU, England, London, 5th Floor 22 Eastcheap.

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