Skywater Trading Ltd

Skywater Trading Ltd, based in London, UK, is a small, active company founded just one year ago. With £581 in assets, a real address, and a solo founder who also serves as director and owner, it’s a lean operation. The company meets two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Skywater Trading Ltd operates in a diverse range of industries, including wholesale of electronic and telecommunications equipment, retail sale of medical and orthopaedic goods, retail via mail order, and educational support services. While a website isn't available to analyze, this broad scope suggests a potential for varied revenue streams.

Financially, Skywater Trading Ltd presents a concerning picture. Net assets and liabilities are both at -£1300, indicating a negative equity position. Cash on hand remains at a modest £580, and creditors are fixed at £1900. While the company is exempt from an audit due to its small size, the unaudited figures reveal a challenging situation. The company’s revenue recognition policy states that revenue is recognised when the company transfers significant risks and rewards of ownership, usually when goods are delivered. The start date for the period covered by the report was September 08, 2023.

The company’s reliance on retained earnings and share capital, both negative, suggests it's burning through money rather than building reserves. The lack of employee information, with zero employees reported, points to a very lean operation, but also limits its growth potential. Goksu Serdar is the director and officer of the company.

Registered in England/Wales under the registration number 15125649, with a registered address at N15 3LX, England, London, 162b Langham Road.

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