Syrup Ltd.

Syrup Ltd from Woking UK: small company, active status, founded 4 years ago, 1 employee, £11,007 assets, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and one employee.

The company’s website, Syrup AIPowered Inventory Optimization, suggests a focus on software solutions for inventory management. It’s not immediately clear if this is a separate venture or an extension of the retail operations, but the name implies a shift towards technology-driven services. The site highlights features like automated forecasting, demand planning, and real-time visibility into stock levels—a move away from simple retail and towards a more sophisticated business model. It’s likely they are trying to offer a software as a service (SaaS) offering to other businesses.

Financially, Syrup Ltd presents a concerning picture. Net assets are deeply in the negative, at -£18,000, a significant increase from -£12,000 four years ago. Cash reserves have virtually disappeared, dropping 100% to just £1, a stark contrast to the £910 held previously. Creditors have risen substantially, increasing by 37% to £29,000, and trade debtors are up 24% to £11,000. While current assets have increased slightly to £11,000, it’s not enough to offset the growing liabilities. The company's small size (meeting two of three criteria) helps it stay agile, but the sharp decline in equity and cash raises serious questions about its financial stability. The accounts are unaudited and filleted, which is common for small companies exempt from an audit.

In short, Syrup Ltd appears to be burning through money. While the website suggests a move towards a higher-value software offering, the financial data reveals a company struggling to stay afloat. The solo founder, Kim Eui Hyun, is both director and owner, and it's likely they are working hard to turn things around, but the current trajectory is unsustainable.

Registered in England/Wales under the registration number 12947737, with a registered address at GU21 6EU, England, Woking, 504 West Marches 2 Victoria Way.

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