St Ia Silver Ltd

St Ia Silver Ltd is a small, active company based in St. Ives, UK, founded 23 years ago in 2002. With just one employee and £128,668 in assets, it's a solo-founded operation managed by two directors and a single owner. The company operates from a virtual address – eleven other companies share the same location – and is regularly importing jewelry, precious stones, and metals, with the latest activity recorded in September 2024. It operates in the "other retail sale not in stores, stalls or markets" industry.

The company's website reveals a much larger operation: Aya Gold Silver Inc., a pure-play silver producer with assets in Morocco. The site highlights expansion plans, a rich portfolio of mines, and a focus on sustainable practices. It’s clear the website is for a much larger entity, and St Ia Silver Ltd seems to be a smaller, potentially subsidiary, operation involved in importing materials for the larger mining business. There's a lot of information about the company's mines, production, and financial results – far beyond what would be expected from a small retail importer.

Financially, St Ia Silver Ltd presents a mixed picture. Current assets have increased by 13% to £130,000, while net assets have seen a massive jump, soaring 4500% to £19,000. Cash reserves have also seen a significant boost, growing 300% to £14,000. However, trade debtors have increased dramatically, rising 940% to £4,800, which could indicate challenges in collecting payments. 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 it to remain nimble, but the large increase in debtors needs to be monitored. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, St Ia Silver Ltd appears to be a small but vital link in a larger mining operation, showing signs of financial improvement, though the increase in debtors warrants attention.

Registered in England/Wales under the registration number 04448029, with a registered address at TR26 1QU, St. Ives, Cornwall, The Old School, The Stennack.

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