Sm Innovation Limited

Sm Innovation Ltd from Belfast UK: a small, active company founded 12 years ago, employs 58 people, and holds £824,491 in assets. It’s a real address, managed by one director and one owner. The company regularly imports electrical machinery and equipment, with 43 months of import activity recorded.

The company operates in the “other retail sale not in stores, stalls or markets” industry. It's a small business, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website, Companies House, is a government resource providing company information. It's primarily a data portal, offering search and update features for company details. It doesn't appear to be an e-commerce site itself.

Financially, Sm Innovation Ltd shows some concerning trends. Accumulated amortisation impairment for intangible assets grew by 46%, while accumulated depreciation impairment for property, plant, and equipment increased by 7.5%. Bank borrowings decreased by 24%, and cash bank on hand dropped by a significant 42%. Creditors increased by 6.3%, and corporation tax payable jumped by a massive 37,000%. Despite these challenges, current assets grew by 5.7%, and fixed assets decreased by 43%. The company’s equity remained stable.

These figures suggest the company is burning through cash, despite increased current assets. The decrease in cash reserves and the rise in tax payable are particularly worrying. While the company's small size offers agility, the financial data indicates a need for careful management. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited, which adds a layer of uncertainty.

Registered in Northern Ireland under the registration number NI616922, with a registered address at BT16 1QT, Northern Ireland, Belfast, Unit F8 16 Carrowreagh Road, Dundonald.

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