Sourced Components Limited

Sourced Components Ltd from Redhill, UK, is a small, family-run business with an active status, established fifteen years ago. The company employs just two people and holds £27,518 in assets, operating from a virtual address. With two directors and two owners, it’s a tight-knit operation. Regular imports of iron or steel products have been recorded over the past 30 months, while exports of vehicles, parts, and accessories (excluding trains and trams) have occurred for the last three months.

The company’s website reveals a focus on industrial fasteners and components, selling online via a comprehensive catalog. It caters to the marine, offshore, automotive, and petrochemical industries, offering a wide range of products from valves to flanges and fasteners. The site emphasizes competitive pricing, worldwide delivery, and ISO 9001 approval—hallmarks of a reputable supplier. It also boasts over 20 years of experience, further reinforcing its credibility.

Financially, Sourced Components Ltd presents a mixed picture. Current assets have decreased slightly by 4.4% to £28,000, while bank borrowings have fallen by 14% to £17,000. Cash reserves have increased by 19% to £1200, and creditors have decreased by 11% to £19,000. Equity has increased by 15% to £8700. 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 agility, but the slight decrease in current assets could indicate a need to manage cash flow. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company’s focus on a niche market—industrial fasteners—and its commitment to quality and customer service suggest a stable, if modest, business. However, the slight decrease in assets warrants attention, and the company’s long-term success will depend on its ability to maintain its competitive edge and manage its finances effectively.

Registered in England/Wales under the registration number 06898129, with a registered address at RH1 5NB, England, Redhill, The Old Mill, Kings Mill Kings Mill Lane, South Nutfield.

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