Sodef Ltd

Sodef Ltd is a small, active company registered in Nuneaton, UK, founded four years ago in December 2020. It operates from a virtual address, with one director and one owner reported. The company’s core business involves retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director and no number of employees published.

The company’s website, which is not available, suggests a focus on online retail. While specifics are unavailable, the business likely caters to consumers seeking convenience and a wide selection of products. The virtual address, shared by twenty other companies, is a common practice for smaller businesses seeking to reduce overhead costs.

Financially, Sodef Ltd presents a concerning picture. Current assets remain steady at £390, but cash reserves are a meager £-20, indicating a potential struggle to cover immediate expenses. Creditors have increased significantly, rising by 60% within the last year to £840, while trade debtors remain at £410. Equity has taken a substantial hit, plummeting by 420% to -£1200, and net assets are now at -£1100. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop and negative cash position raise serious questions about its long-term viability. The accounts are unaudited and filed as “filleted,” meaning they are simplified and rely on director-reported data.

The company’s reliance on a virtual address, coupled with the negative equity and dwindling cash reserves, suggests it may be burning through money. While the single director and owner structure allows for quick decision-making, it also concentrates risk. The lack of employee data further reinforces the lean, potentially struggling nature of the business.

Registered in England/Wales under the registration number 13077567, with a registered address at CV11 4NT, England, Nuneaton, 39 Tennant Street.

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