Somfy Limited

Somfy Limited is a large, active company based in Yeadon, UK, founded 35 years ago in 1989. With 25 employees and £6,231,329 in assets, it operates a real address and has three directors, though no owners are officially listed. The company runs an e-commerce site and regularly imports electrical machinery and equipment (338 months) while exporting plastics and plastic products (5 months).

The company's primary business involves the wholesale trade of household electrical goods, with a focus on automated window coverings and access solutions. Its website showcases a wide range of products, from motorized blinds and shades to smart home integration systems. While the company's core business is wholesale, it also sells directly to consumers through its online store, indicating a hybrid business model.

Financially, Somfy Limited’s recent performance presents a mixed picture. While net assets remained relatively stable at £1.7 million, cash reserves decreased by 100%, leaving the company with zero cash on hand. Bank borrowings increased significantly by 83%, reaching £4.3 million, suggesting a reliance on external financing. Creditors also rose by 46%, reaching £3.4 million, indicating increased short-term liabilities. Despite these challenges, turnover increased by 14%, reaching £11 million, and staff costs rose by 15%, reflecting business growth. The company’s auditors, Constantin, have issued an unqualified opinion, indicating that the financial statements present a true and fair view of the company's financial position.

The sharp decline in cash reserves, however, is a cause for concern. It suggests that the company may be burning through cash faster than it is generating it, potentially requiring further financing or cost-cutting measures. The increase in bank borrowings and creditors also indicates a greater reliance on external funding and short-term liabilities, which could create financial strain if not managed carefully. While the company's turnover and staff costs have increased, it remains to be seen whether these gains can offset the challenges posed by its cash flow situation.

Registered in England/Wales under the registration number 02429938, with a registered address at LS19 7ZA, United Kingdom, Yeadon, West Yorkshire, Unit 7 Lancaster Way, Airport West.

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