Yssp Ltd

Yssp Ltd from Solihull UK: a small, active company founded six years ago, employs eight people, and holds £2,139,813 in assets. It operates from a virtual address and is managed by one director and two owners. The company is an irregular importer of carpets and textile floor coverings, with just one month of import activity recorded as of December 2020.

Yssp Ltd's core business involves electrical installation and private security activities. The company’s website is not available, so it’s unclear if it operates an e-commerce site or focuses solely on business-to-business services. It’s likely a service-based business rather than a retail operation.

Financially, Yssp Ltd presents a mixed picture. While its current assets increased by 26% to £2,100,000, net assets only rose slightly by 2.5% to £900,000. Bank borrowings decreased by 32%, and cash reserves surged by an impressive 540% to £36,000—a positive sign. However, creditors increased by 81%, and trade debtors also rose by 24%. The company’s small size (meeting two of three conditions for being a small company) helps it remain flexible, but the rise in creditors suggests it may be relying on credit to manage its operations. The company's average number of employees increased by 38% to eleven.

The company’s financial statements are unaudited, which is common for small entities. The lack of an auditor mentioned is likely due to its exemption status. The significant increase in bank borrowings, despite the rise in cash reserves, could indicate investments in equipment or expansion. The company's deferred tax policy is that deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Registered in England/Wales under the registration number 11377681, with a registered address at B90 4LE, England, Solihull, West Midlands, 4 Highlands Court, Cranmore Avenue.

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