Sriing Ltd

Sriing Ltd, based in London, UK, is a small, active company established nineteen years ago in 2005. Employing thirteen people and holding assets of £670,069, it operates from a real address and is overseen by five directors and one owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of March 2022.

Sriing Ltd's core business revolves around the development of building projects, retail of furniture and lighting, and operating real estate. Its website, Spring Europe, highlights a specialization in electrical and electronic products, particularly digital pump controllers for the window cleaning industry. It also acquired the Bowdens brand of high-voltage monitoring equipment and provides design and manufacturing solutions to other companies. The site showcases a range of products and services, including social media links, blog posts about efficiency improvements and fault indicators, and contact information.

Financially, Sriing Ltd presents a mixed picture. Current assets have increased significantly, jumping 370% to £670,000, while debtors have exploded, growing 3,800% to £530,000. This suggests a potential shift in payment terms or a significant increase in sales on credit. Equity, however, has decreased by 4.2% to £1,400,000, and net losses deepened. Creditors, meanwhile, have surged 150%, reaching £2.1 million, indicating increased borrowing. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited statements.

The sharp increase in debtors, alongside the decrease in equity, warrants closer scrutiny. While the company’s focus on specialized products and services may be a strength, managing cash flow effectively will be crucial for its long-term health.

Registered in England/Wales under the registration number 05521477, with a registered address at SW12 9AW, London, 47-51 Balham High Road, Balham.

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