Scion International Limited

Scion International Ltd from Swindon UK is a small, holding company with an active status, having been founded 25 years ago in 2000. The company employs eleven people and holds £1,668,801 in assets. It operates from a real address and is managed by three directors and one owner, running an e-commerce site. Scion International is a regular importer of optical and medical tools and devices, with four months of import activity recorded, the last operation being in November 2020.

The company’s activities appear to centre around acting as agents specializing in the sale of other particular products. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website is not available to review.

Financially, Scion International Ltd’s recent performance shows some concerning trends. Current assets have fallen by 28% to £1.7 million, while net assets have decreased by 37% to £820,000. Cash reserves have also taken a hit, falling 38% to £240,000. On a more positive note, creditors have decreased by 14%, suggesting improved debt management. Bank borrowings have also declined. The company’s small size allows for agility, but the decline in equity is worth noting. The financial statements are unaudited, and no auditor is mentioned, which is typical for small companies.

The company’s debt increased, which is concerning. It’s unclear what caused this, but it could be related to increased costs or decreased sales. The company’s cash reserves are also low, which could make it difficult to weather any unexpected expenses. Overall, Scion International Ltd is facing some financial challenges, but it’s still a viable business.

Registered in England/Wales under the registration number 03928663, with a registered address at SN5 7YT, England, Swindon, Wiltshire, Unit N Westmead Industrial Estate, Westmead.

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