Sourcing Partner Limited

Sourcing Partner Limited is a small, active holding company based in Stoke-on-Trent, UK, founded eight years ago in 2016. With two employees and £1,088,222 in assets, it operates from a real address shared by three other companies. The company has two directors and one owner, Sutton Venture Group Ltd. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring in December 2024.

The company’s website highlights its role as a product sourcing and branding solution provider, offering end-to-end services from product design to shipping. It manages product design, manufacturing, quality control, packaging, and shipping, boasting offices in China, Taiwan, and India to ensure cost-effective and high-quality sourcing. It even has a dedicated sales team and offers services to a wide range of businesses.

Financially, Sourcing Partner Limited presents a mixed picture. Amounts owed by related parties remained steady at £200,000, while amounts owed to group undertakings increased significantly to £220,000. Bank borrowings surged by 64%, reaching £520,000, and cash reserves plummeted 76% to just £1,300. Creditors also rose by 15%, reaching £800,000, and debtors decreased by 32%, falling to £650,000. Equity experienced a sharp decline, dropping 33% to £290,000. The company’s small size (meeting two of three conditions for being considered small) helps it remain flexible, but the decrease in equity raises questions about its financial health. The accounts are audited, and DJH Mitten Clarke Audit Limited served as the auditor.

Overall, Sourcing Partner Limited seems to be navigating a challenging financial landscape, with increasing debt and decreasing cash reserves. Whether its sourcing expertise and global network can offset these pressures remains to be seen.

Registered in England/Wales under the registration number 10324926, with a registered address at ST4 2NL, United Kingdom, Stoke On Trent, Staffordshire, Sutton House Berry Hill Road, Fenton.

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