Syed Vintage Group Ltd

Syed Vintage Group Ltd from Ilford UK: a small, active company founded four years ago, employs eight people, and holds £712,951 in assets. It's a solo founder operation with a real address and one director. The company boasts a stellar 5.0 Google rating based on 396 reviews and runs an e-commerce site. It regularly imports machinery, boilers, and mechanical appliances – parts, with the latest import in July 2024 – and exports them irregularly, with the last export in December 2024.

The company’s website, Syed Vintage LTD, is a wholesale clothing supplier, specializing in unbranded and branded items from across Europe. It offers a wide range of products, from Adidas and Barbour to Wrangler and Tommy Hilfiger, catering to retailers and resellers. The site features a comprehensive catalog, kilo sales, and even pre-book options for upcoming container arrivals. It’s clear the company is focused on volume and competitive pricing, with a strong emphasis on European sourcing.

Financially, Syed Vintage Group Ltd’s recent performance presents a mixed picture. Cash reserves have taken a significant hit, plummeting 88% to just £90,000. Trade debtors have also surged, increasing by 240% to £360,000, which could indicate issues with customer payments. However, creditors have decreased by 31% to £680,000, suggesting improved management of its liabilities. Equity has seen a dramatic increase, jumping 890% to £31,000, likely due to retained earnings. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than 50 employees. There’s no auditor mentioned, which is typical for small companies.

Overall, Syed Vintage Group Ltd appears to be navigating a period of change. While the decline in cash reserves is concerning, the reduction in creditors and growth in equity suggest a focus on efficiency. The company's strong online presence and wholesale model position it well for continued growth, but it will need to carefully manage its working capital to avoid future challenges.

Registered in England/Wales under the registration number 13325565, with a registered address at IG1 1JH, United Kingdom, Ilford, Unit1, Kataria Point, 1 Riches Road,.

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