Soham Enterprise Limited

Soham Enterprise Limited, based in Leicester, UK, is a small, active company founded ten years ago in 2015. With a single employee and £1,365,547 in assets, it operates from a virtual address – a detail worth noting as thirty-one companies share the same location. The business is family-owned, with two owners and three directors, and its director list was changed five months ago.

The company’s primary activity involves importing jewelry, precious stones, and metals, with thirteen months of import activity recorded, the last in October 2022. It operates within the "other service activities n.e.c." industries. While a website isn’t available to analyze, the import focus suggests a business-to-business model rather than direct e-commerce.

Financially, Soham Enterprise Limited presents a mixed picture. While current assets increased by 17% to £1,400,000, net assets grew by a more substantial 46% to £880,000. Bank borrowings, however, increased significantly by 2,400% to £11,000, and cash reserves decreased by 28% to £67,000. Creditors also decreased by 15% to £510,000, which could indicate improved debt management. The company qualifies as small, meeting two of three criteria: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The increase in bank borrowings and decrease in cash reserves, while concerning, could be due to increased inventory purchases to meet import demand. The company's small size allows for agility, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 09471328, with a registered address at LE4 9LJ, England, Leicester, 21-23 High View Close.

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