Cascom Limited

Cascom Limited, based in Newcastle Upon Tyne, UK, is a small, active company founded nineteen years ago in 2005. With four employees and £87,695 in assets, it operates from a real address at 53 Welburn Park. Two directors and one owner manage the business, which is an irregular importer of electrical machinery and equipment, with just one month of imports recorded as of March 2023. The company's website, infocascomltd.com, showcases its focus on business and domestic software development.

While the company’s core business involves software development, the website also suggests a broader range of services, including IT support and consultancy. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s address is probably real as only one company registered at the same address.

Financially, Cascom Limited shows some concerning trends. Current assets have decreased by 26% to £88,000, while net assets have plummeted 29% to -£370,000. Bank borrowings have increased by 20%, reaching £6,400. Creditors have fallen by 54%, suggesting improved debt management, and cash reserves have dropped 7%. The company's equity is negative, which is not good. Trade debtors have also decreased by 54%. With no auditor mentioned, the unaudited figures rely on director-reported data.

The company's irregular import activity, combined with the negative equity, suggests it’s burning through money. It’s possible the software development side is not generating enough revenue to cover expenses, or that the import business is struggling. The company’s small size offers agility, but the financial pressures are evident.

Registered in England/Wales under the registration number 05543830, with a registered address at NE2 2JY, Newcastle Upon Tyne, Tyne And Wear, 53 Welburn Park.

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