Starry Ltd

Starry Ltd is a small, active company from London, UK, founded seven years ago in 2018. It’s a solo founder operation with one director and one employee, holding £93,534 in assets. The company operates from a real address and is a regular importer of optical and medical tools and devices, with 14 months of import activity recorded. Starry Ltd is described as a "solo founder" and is part of a larger group of contract manufacturing companies.

The company's website reveals it's a contract manufacturer offering comprehensive product development and manufacturing services to international brands. With eight factories across China and Myanmar and over 5,000 employees, the Starry Group delivers product development and manufacturing. The website showcases a range of services, including product development, manufacturing, and market knowledge. It highlights partnerships with well-known brands like Movinglife, Step by Step, and Britax, emphasizing quality, technology, and transparency. The website also features testimonials from satisfied clients, praising Starry’s engineering expertise, innovative solutions, and reliable service.

Financially, Starry Ltd shows a mixed picture. Current assets rose by 28% to £94,000, while net assets remained unchanged at -£84,000. Bank borrowings decreased by 18% to £30,000, and cash reserves increased by 95% to £7,100. Creditors, however, surged by 55% to £400,000, and investments fixed assets increased by a massive 130% to £220,000. The company meets the criteria for a small company, with a turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s accounts are unaudited, and no auditor is mentioned.

The significant increase in creditors, despite a rise in current assets, suggests the company might be relying on credit to fund its operations. The large investment in fixed assets could be a sign of expansion or modernization, but it also ties up capital. It’s possible the company is experiencing growing pains as it scales up its manufacturing services—but it’s also important to note that the negative equity suggests a long-term challenge.

Registered in England/Wales under the registration number 11370293, with a registered address at SW11 7AY, England, London, G89 Legacy Building, 1 Viaduct Gardens.

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