Componentsource Limited

ComponentSource Limited, based in Reading, UK, is a sizable company with a 31-year history, currently employing 24 people. The company boasts significant assets, totaling £5,085,243, and generates substantial revenue, reaching £32,411,023 annually. It operates from a real address and is overseen by four directors, although no owners are officially listed, suggesting one of the directors likely holds a significant stake. The business runs an e-commerce site, selling software components and development tools to developers and buyers. It’s also an irregular exporter of ceramic products, with its last export operation recorded in June 2022.

ComponentSource’s core function is operating an internet-based catalogue, facilitating the discovery and purchase of software development tools. It caters to over 1.1 million registered users, selling licenses from numerous software vendors. The company also provides marketing services to these vendors. It’s a sizable player, meeting two of three criteria to be considered large: turnover exceeding £36 million and a balance sheet total surpassing £18 million.

Looking at the financials, there’s a mixed picture. While cash and cash equivalents increased by 31% to £2 million, net assets decreased by 22% to £1.7 million. Bank borrowings increased significantly by 2,400% to £29,000, and cash reserves fell by 30% to £28,000. Creditors, however, decreased by 18%, suggesting improved debt management. The company’s net loss widened to -£730,000, a significant drop from the previous year. The lack of an auditor is likely due to its size.

The company’s increased director remuneration, up 37% to £750,000, might be a sign of increased workload or a change in compensation structure. The sharp decline in equity raises questions about its financial health, but the ongoing revenue stream and active e-commerce platform suggest it’s striving to maintain its position in the competitive software market.

Registered in England/Wales under the registration number 02890788, with a registered address at RG1 3AR, United Kingdom, Reading, Berkshire, The White Building, 33 King's Road.

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