Skye Direct Limited

Skye Direct Ltd from Leeds UK: a small, active company established sixteen years ago, employs twenty-five people, and holds £4,839,160 in assets. It’s a real business with four directors and two owners, operating an e-commerce site and maintaining a respectable 5.0 Google rating from five reviews. The company is an irregular importer, primarily dealing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables—the last import activity was recorded one month ago in January 2022.

The business operates as a retail supplier via mail order and the internet, offering over 250,000 products ranging from stationery and office furniture to workwear and catering supplies. It has a dedicated account managers and a logistics partner, Truline distribution service, ensuring reliable delivery across the UK. The website emphasizes cost savings and a wide product portfolio, encouraging businesses to streamline their procurement needs.

Financially, Skye Direct Ltd shows some interesting trends. Cash reserves increased dramatically by 97%, reaching £2.8 million, while creditors rose by 43% to £2.7 million. Trade debtors decreased by 19%, suggesting better collection practices. Despite these changes, the company’s net assets increased by 4.6% to £2.2 million. The company’s small size—meeting two of three conditions for being classified as small—helps it stay nimble. The sharp increase in future minimum lease payments, however, raises some questions. With no auditor mentioned, the unaudited financial statements rely on director-reported data.

Overall, Skye Direct Ltd seems to be doing well, with a strong cash position and a growing asset base. However, the increase in creditors and lease payments warrants monitoring. It's a business that’s clearly focused on providing a wide range of supplies to businesses, and its online presence suggests a commitment to customer service.

Registered in England/Wales under the registration number 06603433, with a registered address at LS27 0BZ, Leeds, Units 15-16 Howley Business Park, Howley Park Road Morley.

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