South Downs Services Ltd

South Downs Services Ltd from London UK: a small, active company founded five years ago, employs just one person, and holds £50,324 in assets. It operates from a virtual address and is overseen by a single director and two owners. The company regularly imports optical and medical tools and devices, with eight months of import activity recorded.

The company’s website reveals it’s a travel insurance specialist, offering single trip, annual multi-trip, and cover for preexisting medical conditions. It partners with Inter Partner Assistance S.A. and AXA Travel Insurance Ltd to provide its services. The website highlights various policy options catering to different needs, from individual cover to group travel, and emphasizes its commitment to affordable prices and excellent customer support. The company also offers a UK call centre for assistance.

Financially, South Downs Services Ltd shows some concerning trends. Creditors have surged by a massive 630%, reaching £49,000, while current assets have increased by 270% to £50,000. Cash bank on hand has also seen a significant jump, up 64% to £22,000. However, retained earnings have doubled to £18,000, and trade debtors have risen to £10,000. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the large increase in creditors suggests a need to manage debt. The company is exempt from an audit, so the figures are unaudited.

The company's focus on travel insurance, particularly with the backing of established partners, seems to be driving growth. However, the increase in creditors warrants close monitoring to ensure financial stability.

Registered in England/Wales under the registration number 12372811, with a registered address at N21 3NA, United Kingdom, London, 1 Kings Avenue.

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