Sye Ltd

Sye Ltd is a small, holding company based in Wembley, UK, with an active trading status. Founded seven years ago on June 09, 2017, the company employs just one person and operates from a real address shared by three other businesses. It’s led by one director and has two owners, though the list of owners changed eight months ago and isn’s exhaustive.

The company’s core business involves non-specialised wholesale trade and retail sale via mail order houses or via internet. Its website details a plumbing service operating in Watford, covering areas like Northwood, Pinner, and Bushey. The service offers boiler repairs, central heating installations, and toilet unblocking, among other plumbing-related tasks. The site emphasizes reliability, affordability, and Gas Safe registration, aiming to build a reputation for professional service. They even have a testimonials section.

Financially, Sye Ltd presents a mixed picture. While the company is small—meeting two of three criteria for a small company—its net assets are deeply in the negative, at -£240,000. Cash on hand remains a modest £210. Creditors are substantial at £240,000, and loans from directors stand at £13,000. The accounts are described as “filleted” and unaudited, which is common for small companies exempt from a full audit. It seems like the company is struggling to generate profit. It’s possible that the holding company structure is impacting the bottom line, or perhaps the plumbing service isn't generating enough revenue to offset costs. There’s no mention of an auditor, which is not unusual for a company of this size.

Registered in England/Wales under the registration number 10812553, with a registered address at HA9 7UR, England, Wembley, Building A, Unit 4.12-4.14 Wembley Commercial Centre, East Lane.

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