Cobalt Systems Ltd

Cobalt Systems Ltd, based in Wardle, UK, is a small, active family business founded 27 years ago. Employing 17 people, the company holds £965,889 in assets and operates from a real address at Cheshire Green Industrial Park. With four directors and two owners, Cobalt Systems Ltd is a long-standing player in the UK market. The company regularly imports electrical machinery and equipment (4 months), and exports machinery, boilers, and mechanical appliances; parts (6 months).

Cobalt Systems Ltd’s website appears to be primarily a login portal, suggesting a business-to-business focus rather than direct e-commerce. The login prompts and multiple organization selection point towards a software or service provider, likely offering a cloud-based platform. The Wyvern Business Systems Ltd copyright notice indicates the company utilizes their software, and the presence of two-factor authentication further suggests a focus on security.

Financially, Cobalt Systems Ltd shows a mixed picture. Current assets have decreased by 27% to £970,000, while bank borrowings have increased significantly by 280% to £300,000. Cash reserves have also fallen by 38% to £80,000. Despite this, net assets remain positive at £460,000. Trade debtors have decreased by 33%, which could indicate improved collection rates. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is consistent with its small size.

Overall, Cobalt Systems Ltd appears to be navigating a period of change. While asset values have decreased, the company’s ongoing import and export activities, coupled with a focus on secure cloud services, suggest a continued presence in the market. It’s possible the increased borrowing is linked to investments in the Wyvern platform, or perhaps a response to changing market conditions.

Registered in England/Wales under the registration number 03403982, with a registered address at CW5 6HT, United Kingdom, Wardle, Cheshire, Spitfire Road, Cheshire Green Industrial Park.

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