Sterling Imports Ltd

Sterling Imports Ltd, based in Leicester, UK, is a small, family-run business with an active status. Founded five years ago in 2019, the company has two directors and two owners, and currently holds just £148 in assets. It operates from a virtual address, sharing space with 102 other companies, and is classified as an irregular importer, having imported goods for just one month, with the last import operation occurring in December 2020. The company's core business involves retail sale via mail order houses or via internet.

The company's website is unavailable, making it difficult to assess the scope of its online presence and e-commerce activities. Without a website, it's impossible to determine if they are actively selling online or if the business is primarily offline.

Financially, Sterling Imports Ltd presents a concerning picture. Net assets have plummeted to -£19,000, a dramatic decrease from the previous year. Cash reserves have vanished completely, and bank borrowings have increased to £3,900. While creditors have slightly decreased, the significant drop in equity suggests the company is burning through money. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor (likely exempt due to its size) means the figures are unaudited.

The substantial losses and depleted cash reserves are worrying signs, indicating potential financial difficulties. While the family-run nature and small size might offer some flexibility, the company needs to address its financial situation to ensure its long-term viability. It's possible the company is struggling to generate sufficient revenue to cover its expenses, or perhaps it has made significant investments that have not yet yielded a return.

Registered in England/Wales under the registration number 12112453, with a registered address at LE19 1WP, England, Leicester, Leicestershire, Charnwood House Harcourt Way, Meridian Business Park.

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