Southsea Traders Limited

Southsea Traders Limited is a small, active company based in Southsea, UK, founded eleven years ago in 2013. With £89,728 in assets and a real address at 32 Siskin Road, it’s a solo-founded operation managed by a single director and owner, Zhang Ming. The business regularly imports leather goods, travel bags, and animal harnesses, with 11 months of import activity recorded, the last in July 2022.

The company operates in the non-specialised wholesale trade industries. While the website doesn't directly showcase retail sales, it’s clear Southsea Traders Limited is a provider of orthodontic services, offering treatments like Invisalign and fixed braces. It has two practices, one in Southsea and one in Waterlooville, and even hosts open days to attract new clients. The website emphasizes a team of skilled professionals and patient testimonials, suggesting a focus on quality and customer satisfaction.

Financially, Southsea Traders Limited shows some concerning trends. Current assets have plummeted by a significant 42%, dropping to £90,000, and net assets have fallen dramatically to -£51,000. Bank borrowings decreased by 25% to £32,000, which is good, but cash reserves have also dropped 34% to £59,000. Trade creditors decreased by 9.5% to £130,000. 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 stay nimble, but the substantial equity decline raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Southsea Traders Limited appears to be facing financial challenges. While the orthodontic practices seem well-established and focused on patient care, the company's bottom line is under pressure. Whether it can navigate these headwinds and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 08785610, with a registered address at PO4 8UG, England, Southsea, 32 Siskin Road.

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