Snapit Screw International Limited

Snapit Screw International Ltd, based in Ongar, UK, is a small, active company founded eleven years ago. With a single employee and £84,314 in assets, it operates from a real address and is overseen by three directors and one owner. The company is an irregular importer, primarily dealing with basic metal tools and utensils, with its last import activity recorded two months ago in December 2024.

The company's website, Snapit Screw, focuses on providing eyeglass repair kits. It sells standard and premium kits, as well as screw refills, catering to both retail customers and optical professionals. The site highlights the convenience and speed of its repair solutions, with a clear emphasis on its patented SnapIt Screw technology. The site also features testimonials from satisfied customers, further reinforcing its reputation for quality and reliability.

Financially, Snapit Screw International Ltd presents a mixed picture. Current assets have increased significantly by 460% to £84,000, while net assets decreased by 24% to -£120,000. Bank borrowings have remained stable at £20,000, and cash reserves have surged by 210% to £7,400. Trade creditors have increased substantially by 7,500% to £57,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a concern. The company is exempt from an audit, so the figures are unaudited.

Overall, Snapit Screw International Ltd appears to be navigating a period of change. While its online business seems to be performing well, the financial data suggests some challenges—perhaps linked to increased creditor payments or investments in inventory.

Registered in England/Wales under the registration number 08758037, with a registered address at CM5 0AJ, Ongar, Essex, 14 Fyfield Road.

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