Szabo Limited

Szabo Limited is a small, active family business based in Bexhill-On-Sea, UK, established seventeen years ago in 2007. The company, with two employees and £28,218 in assets, operates from a virtual address shared by 238 other companies, raising some questions. It’s led by three directors and two owners, and its core business involves importing various natural fibers, paper yarn, and fabrics made from paper yarn—though import activity has been irregular, with the last recorded operation occurring in May 2022. The company also operates in the retail sale of textiles in specialised stores.

The company’s website, Life Science Marketplace SzaboScandic, showcases a much broader scope. It’s a B2B platform offering a vast range of research products, from biochemicals and cell pellets to diagnostic kits and laboratory equipment. The site is geared towards scientists and researchers, with detailed product descriptions, technical specifications, and even a knowledge database. The website is available in English and German.

Financially, Szabo Limited presents a mixed picture. Current assets have decreased by 30%, dropping to £28,000, while bank borrowings have remained stable at £11,000. Cash reserves have also fallen by 25%, to £21,000. A significant drop in debtors—down 41%—suggests improved collection efforts, but net assets have declined by 13%, to £49,000. Creditors have remained constant at £110,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity warrants attention. The company is exempt from an audit, so the financial information is unaudited.

While the retail textile business seems modest, the Life Science Marketplace suggests a diversification strategy aimed at a higher-margin, research-focused market. Whether this expansion is successful remains to be seen, but the company’s family ownership and established presence in the UK provide a solid foundation.

Registered in England/Wales under the registration number 06355909, with a registered address at TN40 1HH, United Kingdom, Bexhill-On-Sea, East Sussex, 23 St Leonards Road.

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