Sumec Uk Co. Ltd

Sumec Uk Co Ltd, based in York, UK, is a small holding company with an active status, established fourteen years ago in 2011. Employing twenty-four people, the company holds assets worth £3,153,926 and operates from a real address. With two directors and one owner, Sumec Uk Co Ltd specializes in importing and exporting machinery, boilers, and mechanical appliances, including parts. They've been importing for a substantial 222 months and exporting for thirty-six months, with the latest activity recorded in January and February 2025.

The company’s website showcases Sumec Hardware Tools Co. Ltd as a subsidiary of the larger Sumec Group, a Chinese import and export corporation founded in 1978. They design and manufacture garden tools, high-pressure washers, and power tools, distributing their products across more than sixty countries. Their brand portfolio includes GForce (garden tools), Yard Force (outdoor equipment), and PowerG (power tools), each targeting different market segments. The website emphasizes quality, competitive pricing, and innovation, highlighting the company’s commitment to providing affordable power and garden tools.

Financially, Sumec Uk Co Ltd presents a mixed picture. Current assets have significantly decreased by 44%, falling to £3,200,000, while net assets have also declined, though less dramatically, by 1.7% to £2,700,000. Bank borrowings have decreased by 9.4%, reaching £8,900, and cash reserves have fallen by 52%, sitting at £25,000. Creditors, however, have increased by 52%, reaching £140,000, suggesting a potential need for improved cash flow management. The company meets the criteria for a small business, with a turnover under £10.2 million and fewer than fifty employees. The accounts are unaudited, and no auditor is mentioned.

Despite the decrease in assets, the company’s long history of importing and exporting suggests a resilient business model. The focus on established brands and a diverse product range—from garden tools to power tools—positions Sumec Uk Co Ltd for continued success, though careful monitoring of cash flow will be important going forward.

Registered in England/Wales under the registration number 07481427, with a registered address at YO19 6FD, York, North Yorkshire, Unit A & B Escrick Business Park, Escrick.

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