Solip Ltd

Solip Ltd, based in Barnet, UK, is a small, active company founded eight years ago. With two employees and £93,975 in assets, it operates from a real address and is managed by two directors and owners. The company boasts a perfect 5.0 Google rating based on a single review and is a regular importer of plastics and plastic products, with its last import activity recorded in February 2025.

The company’s website, Sollip, presents a different picture. It's a wine merchant and restaurant, offering reservations, wine gift vouchers, and even a careers page. The site emphasizes a stylish, modern aesthetic with a focus on wine and dining experiences, and a location in London's SE1 3QP. It’s clear the company is operating a restaurant and wine bar, and not just importing plastics.

Financially, Solip Ltd's report reveals a mixed bag. Cash reserves fell by a significant 34% to £54,000, and current assets dropped 23% to £94,000. Trade debtors decreased by a substantial 46%, which could indicate improved collection efforts, but bank borrowings also fell by 25%, suggesting a reduced reliance on credit. Creditors, however, increased by 5.6%, and net assets plummeted 72% to just £4,900—a worrying trend. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp equity decline warrants closer attention. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Overall, Solip Ltd appears to be navigating a challenging financial landscape. While the restaurant business seems to be operating, the company's financial health is a concern, and the significant drop in equity raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 10442362, with a registered address at EN4 8BS, England, Barnet, 21 Berkeley Crescent.

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