Cloudnet It Solutions Limited

Cloudnet It Solutions Limited is a small, active company based in Tankerness, Orkney, UK, founded thirteen years ago in 2011. With four employees and £250,038 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports electrical machinery and equipment, with recent activity recorded in December 2023.

Cloudnet Solutions positions itself as an ICT provider, offering intelligent solutions for businesses. Its website showcases services including intelligent infrastructure, security, workplace, and application solutions. The company emphasizes a transformation journey and a seamless workflow, partnering with brands like Cisco and offering services ranging from video conferencing to computer supply. It has a team of four, including a managing director, head of infrastructure, head of finance, client manager, and admin head.

Financially, Cloudnet It Solutions Limited presents a mixed picture. Current assets decreased by 14% to £250,000, while net assets declined by 16% to £320,000. Bank borrowings decreased by 53% to £28,000, and cash reserves fell 18% to £56,000. Trade creditors decreased by 73%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the decrease in net assets raises questions. As a small company, it is exempt from an audit, so the figures are unaudited.

While the company’s website and services indicate a focus on IT consultancy, the financial data suggests a period of adjustment. The decrease in assets and cash reserves, coupled with increased borrowings, may reflect investments in growth or a challenging economic climate.

Registered in Scotland under the registration number SC411382, with a registered address at KW17 2QR, Tankerness, Orkney, Quoygrew.

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