Summit Creative Ltd

Summit Creative Ltd from Alfreton UK: small company, active status, founded 3 years ago, 11 employees, £461,358 assets, real address, 2 directors, 1 owner, solo founder. Regular importer of various textile products, sets, used clothing, and rags (14 months imported). Irregular exporter of printed materials like books, newspapers, and pictures (1 months exported). It’s a small, active business operating in the creative sector, with a real address and a lean team of eleven people. Founded just three years ago, the company is led by a solo founder and supported by two directors. It regularly imports textiles and clothing, with fourteen months of import activity recorded, the latest in January 2025. It also exports printed materials, although this is less frequent, with just one month of export activity as of October 2024.

The company’s website is currently unavailable, so it’s difficult to determine the specifics of its operations beyond the import/export data. However, the company operates in the other information technology service activities, the other business support service activities n.e.c. industries. This suggests a diverse range of services, possibly including design, marketing, or IT support. It’s unclear if Summit Creative Ltd operates an e-commerce site, but its creative focus suggests a potential for online presence.

Financially, Summit Creative Ltd presents a mixed picture. Current assets increased by 5.7% to £460,000, while net assets increased by 2200% to £81,000. Cash reserves surged by 1800% to £92,000, a significant boost. However, trade debtors plummeted by 52%, indicating potential payment issues with customers. Creditors also decreased by 11%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The increase in average number of employees by 18% to thirteen, however, may indicate expansion or increased workload. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Summit Creative Ltd appears to be experiencing growth, with a substantial increase in cash reserves. However, the decrease in trade debtors warrants attention, and the lack of an active website limits understanding of its core business activities. The company's financial health seems stable, but it's important to monitor the trends in trade debtors and ensure sustainable growth.

Registered in England/Wales under the registration number 13803942, with a registered address at DE55 2DS, England, Alfreton, 6 Maisies Way, South Normanton.

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