Sygma Solutions Limited

Sygma Solutions Ltd from Wigan, UK, is a small, family-run business with an active status, celebrating 20 years since its founding in 05. With 15 employees and £572,411 in assets, it operates from a real address and is managed by two directors and owners. The company regularly imports optical and medical tools and devices (14 months), and occasionally exports them (1 month).

The business operates in the wholesale of electronic and telecommunications equipment and parts. While a website isn’s available to analyze, it’s likely the company primarily engages in B2B sales rather than direct-to-consumer e-commerce.

Financially, Sygma Solutions Ltd shows some concerning trends. While current assets remain at £570,000, a decrease of 24% from the previous year, net assets have increased by 42% to £360,000. Bank borrowings have decreased by 47% to £27,000, and cash reserves have increased by 140% to £40,000. Creditors have decreased by 20%, suggesting improved 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) allows for flexibility, but the increase in equity is a positive sign. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's increased debt, however, may indicate a need for increased funding to support growth. The company's increase in retained earnings is a positive sign, suggesting that it is generating profits and reinvesting them back into the business.

Registered in England/Wales under the registration number 05365676, with a registered address at WN2 3PA, United Kingdom, Wigan, Lancashire, Hindley Business Centre, Platt Lane, Hindley.

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