Solin Limited

Solin Limited is a small, active company based in London, UK, founded four years ago in June 2020. With three employees and £35,698 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company is an irregular importer, with its top import category being aluminum and aluminum products, totaling two months of imports. The last import operation was conducted on December 01, 2021.

Solin Limited's primary business involves the retail sale of textiles in specialised stores. However, there's no website to analyze, so it's difficult to determine the extent of its online presence or e-commerce activities. It’s unclear if the company has a dedicated online store or relies solely on wholesale or brick-and-mortar sales.

Financially, Solin Limited presents a mixed picture. While current assets increased by 15% to £36,000, net assets declined significantly by 96% to -£360. Bank borrowings decreased by 13% to £35,000, and cash reserves dropped by 24% to £790. Creditors decreased by 10%, which is a positive sign. 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 substantial equity decline warrants attention. There's no auditor mentioned, indicating the accounts are unaudited.

The company's irregular import activity suggests it may be responding to specific market demands or sourcing materials opportunistically. It’s possible that the decrease in cash reserves is due to increased inventory purchases or operating expenses, but further investigation would be needed to confirm this.

Registered in England/Wales under the registration number 12638803, with a registered address at N4 1EU, United Kingdom, London, 397 Green Lanes.

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