Beam Connectivity Limited

Beam Connectivity Limited is a small holding company based in Cirencester, UK, holding assets of £1,375,206. Founded five years ago in January 2020, it employs eight people and is led by four directors, with one listed owner. The company operates from a virtual address, registered at a location shared by 375 other companies, which raises some questions. It’s an active business, importing electrical machinery and equipment, although only for a short period each year.

Beam Connectivity specializes in providing connectivity solutions for vehicles and industrial assets. Its core offering, the CaaS (Connectivity as a Service) platform, provides end-to-end data insights for partners, with services ranging from consultancy to innovation. They work with automotive OEMs, motorbike and micromobility companies, and other vehicle manufacturers, positioning themselves as experts in connected data. The website highlights a focus on high-performance, secure connectivity and offers a free trial to potential customers.

Financially, Beam Connectivity presents a mixed picture. Current assets have dramatically increased by 550% to £1,400,000, while net assets have also surged by 630% to £1,300,000. Cash reserves have increased significantly by 650% to £860,000. However, bank borrowings have also increased, and creditors have risen substantially, suggesting a need for more working capital. The company's small size (meeting two of three criteria for a small company) allows for agility, but the increase in debt warrants closer monitoring. The company is exempt from an audit, so the financial data is unaudited. The increase in advances to directors is also notable, though the exact implications are unclear.

Registered in England/Wales under the registration number 12429245, with a registered address at GL7 1US, United Kingdom, Cirencester, Gloucestershire, Oakley House, Tetbury Road.

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