Sye Services Limited

Sye Services Ltd, based in Halifax, UK, is a small, active company founded 11 years ago. It’s a solo venture, run by one director and owner, with a single employee and £46,101 in assets. The company operates from a virtual address, shared by 134 other businesses, which raises some questions. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains and trams), with just one month of import activity recorded as of August 2022.

The company’s website reveals a focus on tipping trailers, specifically Hummel Trailers. It positions itself as a supplier of durable and affordable trailers, highlighting its own use of these trailers to ensure quality. The site includes contact information and a brief description of the company's services, suggesting a straightforward, business-to-business operation. It’s clear they’re targeting UK operators looking for reliable tipping trailers.

Financially, Sye Services Ltd presents a mixed picture. Current assets have fallen by a significant 36%, dropping to £46,000, while net assets have plummeted a staggering 540%, resulting in a negative balance of -£12,000. Cash reserves have also declined by 32%, leaving just £36,000. On a brighter note, trade debtors have increased by 30%, indicating potentially improved customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial drop in equity is concerning. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

The company’s management consultancy activities other than financial management industry is not obvious from the website. It seems like the business is struggling to maintain a healthy financial position, and the reliance on a single owner and director could pose a risk. It’s a small business, and it’s probably a lot of work for one person.

Registered in England/Wales under the registration number 08739001, with a registered address at HX3 6AS, Halifax, West Yorkshire, Horley Green House Horley Green Road, Claremount.

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