Smy (2022) Ltd

Smy (2022) Ltd is a small, active company based in Hailsham, UK, established twelve years ago in 2013. With nine employees and £252,266 in assets, it operates from a virtual address—a detail highlighted by the fact that twenty-four other companies are registered at the same location. The company is run by two directors and one owner, although the owner list may not be exhaustive. Smy (2022) Ltd is an irregular importer, specializing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago in June 2022. The company’s primary business is described as other business support service activities n.e.c.

The company's website is not available, so it’s difficult to determine the specifics of its operations beyond the import activity. Without a website, it's impossible to know if Smy (2022) Ltd operates an e-commerce platform or primarily engages in business-to-business transactions.

Financially, Smy (2022) Ltd presents a concerning picture. While the company is small, meeting two of three criteria for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), its financial health is questionable. Net assets plummeted by 56%, falling to -£280,000, a significant decline. Average employee numbers have also fallen dramatically, dropping 78% to just two people. Bank borrowings have vanished, which is good, but trade debtors are also zero, which could mean a problem with sales. Creditors have increased by a substantial 200%, suggesting increased reliance on external funding. The company's unaudited financial statements, combined with the sharp decline in equity, raise concerns about its long-term viability. It's worth noting that the company is exempt from an audit due to its size.

Registered in England/Wales under the registration number 08418275, with a registered address at BN27 1DW, England, Hailsham, 30-34 North Street North Street.

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