Sytex Uk Ltd

Sytex Uk Ltd, based in London, is a small, family-run business with an active status, established sixteen years ago in 2008. Employing ten people, the company holds £171,799 in assets and operates from a virtual address – a point to note as 578 companies are registered at the same location. It’s managed by three directors and owned by two individuals, Paterson Colin and Paterson Jayne. Sytex Uk Ltd is an irregular importer, primarily dealing with tanning and dyeing products, with the last import activity recorded over two years ago in December 2021. The company operates in the other manufacturing n.e.c. industries.

The company’s website showcases its specialization in FoamStone – a lightweight alternative to cast stone – marketed as "the UK only supplier manufacturer." It caters to commercial developers, national architects, housebuilders, and high-end developers, offering custom mouldings in various shapes and sizes. The website emphasizes the product's benefits: it's strong, robust, lightweight, flexible, and easy to install, avoiding the usual site damage associated with cast stone. The site also features testimonials praising the product and service, highlighting the company's technical knowledge and innovative approach. It’s clear the business is focused on B2B sales, providing architectural mouldings rather than direct consumer products.

Financially, Sytex Uk Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 12%, while bank borrowings decreased by 36%. Cash reserves, however, saw a significant jump of 120%, reaching £100,000, suggesting improved liquidity. Trade debtors decreased substantially by 38%, a positive sign for cash flow management. However, creditors increased significantly, with a 110% increase to -£1600, which is a bit concerning. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity raises questions. The absence of a named auditor, typical for a small, audit-exempt company, means the figures are unaudited. It's likely that the company has been working to reduce its debt, and the increase in cash reserves is a good sign, although the increase in creditors should be monitored.

Registered in England/Wales under the registration number 06677774, with a registered address at EC1N 8LE, England, London, 63-66 Hatton Garden.

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