Sourced Components (europe) Ltd

Sourced Components Europe Ltd from Newport UK: a small, active company founded ten years ago, employs three people, and holds £300,697 in assets. It’s a family business with two directors and two owners, operating from a real address on the Isle of Wight. The company regularly imports and exports iron or steel products, with a history of 25 months of imports and 12 months of exports.

The company’s website showcases a wide range of industrial fasteners and components, catering to the marine, offshore, and automotive industries. It’s a major stockholder, with a growing reputation for competitive pricing and a customer-driven approach. They even offer a fast growing reputation for extensive and competitive stock. The site lists valves, flanges, A4 fasteners, and various fittings, with a focus on quality and reliability. They’re also involved in providing repair couplings and accessories.

Financially, Sourced Components Europe Ltd shows a mixed picture. Creditors have increased by 14% to £290,000, while bank borrowings have decreased by 14% to £33,000. Cash reserves have grown by 18% to £60,000. Merchandise has seen a significant increase, jumping 59% to £150,000. However, net current assets liabilities have doubled to £15,000, and trade debtors have fallen by 37% to £80,000. 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 remain flexible. With no auditor mentioned, the financial statements are unaudited.

Despite the fluctuating numbers, Sourced Components Europe Ltd seems to be navigating the market well, focusing on its core business of supplying industrial components and building relationships with both suppliers and customers.

Registered in England/Wales under the registration number 09084079, with a registered address at PO30 5XJ, England, Newport, Isle Of Wight, Unit 33 Daish Way, Dodnor Industrial Estate.

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