Step Sourcing Ltd

Step Sourcing Ltd is a private limited company registered in England/Wales with the registration number 08334856. The company was founded twelve years ago on December 18, 2012, and registered at SO51 6FU, England, Romsey, Hampshire, Unit 1 Ash Hill Common Bunny Lane, Sherfield English. The address is probably virtual as forty four companes registered at the same address. Its status is active. The company operates in the wholesale of household goods (other than musical instruments) n.e.c. industries. Officially, it has two owners or PSCs, three directors, and two employees.

It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £82,206. The company is a regular importer, with its top import category being Various textile products, sets, used clothing, and rags, totaling 18 months of imports. The last import operation was conducted on October 01, 2019.

Step Sourcing’s website highlights a diverse range of products, from airline amenities and retail bags to textiles and sleepwear. It caters to a broad clientele, including hotels, airlines, and retailers, and even offers promotional items and gift-with-purchase options. The company emphasizes its ecofriendly, biodegradable, and recycled products, with registered offices spanning UAE, Ireland, Hong Kong, and the United Kingdom.

Financially, Step Sourcing Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 15%, while accumulated depreciation impairment for property, plant, and equipment rose by 19%. Bank borrowings decreased by nearly 10%, and cash bank on hand increased by 15%. However, current assets dropped significantly by 28%, and net assets plummeted by 27%. Trade debtors have decreased, which is good, but other creditors have risen substantially. With no auditor mentioned, the figures are unaudited.

The company's small size and family ownership likely contribute to its agility, but the decline in assets and the rise in creditors suggest potential financial pressures. Whether Step Sourcing can maintain its import activities and diverse product offerings in the face of these challenges remains to be seen.

Registered in England/Wales under the registration number 08334856, with a registered address at SO51 6FU, England, Romsey, Hampshire, Unit 1 Ash Hill Common Bunny Lane, Sherfield English.

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