Caresoft Global Limited

Caresoft Global Ltd from Eye UK is a large, active company founded 17 years ago. With 130 employees and £22,515,951 in assets, it operates from a real address and is overseen by three directors and one owner. Its Google rating is a perfect 5.0 based on eight reviews. The company regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with import activity spanning three months and export activity lasting six.

The company is involved in information technology consultancy, other engineering activities, and temporary employment agency activities. It’s a sizable operation, meeting two of three criteria to be considered large: turnover exceeding £36 million, assets over £18 million, and employing more than 250 people. Davies Sabella owns the company, while Rutland Stephen Maurice, Vachaparampil Mathew, and Kendall Fergus serve as directors.

Financially, Caresoft Global Ltd shows some interesting trends. Accrued liabilities and deferred income have increased significantly by 48%, while amortisation of intangible assets has remained relatively stable. Administrative expenses have risen sharply, increasing by 110%, and net losses have widened considerably, jumping by 350%. However, cash and cash equivalents have also seen a decline of 56%, and current assets have remained steady. Bank borrowings have surged by 170%, and staff costs have increased by 20%. Despite these challenges, the company’s net assets have increased by 67%, and creditors have decreased by 18%.

The company’s auditor is not mentioned, likely due to its size. The rise in administrative expenses and the widening net losses suggest potential operational inefficiencies or increased investment in growth. The decrease in cash reserves and the increase in bank borrowings could indicate a need for additional funding. However, the decrease in creditors and the increase in net assets suggest improved debt management and overall financial health.

Registered in England/Wales under the registration number 06442227, with a registered address at IP23 7HN, United Kingdom, Eye, Suffolk, Plot 1-3 Brome Industrial Park, Brome.

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