Comms365 Limited

Comms365 Ltd, based in Milton Keynes, UK, is a small holding company with an active status, having been founded sixteen years ago in 2008. The company employs 27 people and holds assets valued at £3,194,813. It has a real address, is managed by three directors and owned by one individual, and boasts a respectable Google rating of 4.0 based on 17 reviews. Comms365 is a regular importer, specializing in electrical machinery and equipment, with 42 months of import activity recorded, the latest in December 2024.

The company operates in the wireless telecommunications activities industries, and its website, while not providing detailed e-commerce functionality, suggests a focus on providing telecommunications services. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Comms365 Ltd presents a mixed picture. Current assets have decreased by 7.8% to £3.2 million, while net assets have increased by 9.8% to £2.1 million. Bank borrowings have remained steady, and cash reserves have increased significantly by 40% to £2.1 million. However, the company's net loss has decreased by 20% to £190,000. Trade debtors have decreased significantly by 45%, suggesting improved collection practices. Deferred tax expense credit has increased dramatically by 1700%, which could be a one-off event. The company’s fixed assets have decreased by 22%, which could be due to depreciation or asset sales.

The company’s financial statements are unaudited, reflecting its status as a small company exempt from an audit. While the increase in cash reserves is encouraging, the decrease in net loss suggests the company is still working to improve its profitability. The lack of an auditor’s name on the report further highlights its small size and simplified reporting requirements.

Registered in England/Wales under the registration number 06662688, with a registered address at MK1 1SW, England, Milton Keynes, Bucks, South House 3, Bond Avenue.

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