Designbit Limited

Designbit Ltd from Preston UK: a small, active company founded 24 years ago, employs 11 people, and holds £931,560 in assets. Yearly revenue sits at £842,299, and it operates from a real address with three directors and two owners – a family business. The company regularly imports paper and paperboard products (4 months) and exports irregularly (2 months).

Designbit Ltd provides software development services, catering to businesses in Haryana and Delhi NCR. Its website details a broad range of offerings, including front-end and back-end development, UI/UX designing, mobile app development, digital marketing, and even training programs in areas like AI and graphic design. The company’s website is very professional and clearly aimed at a B2B market. It even offers a comprehensive 6-month digital marketing training program.

Financially, Designbit Ltd shows some interesting trends. Cash bank holdings increased significantly by 500%, reaching £77,000, which is a positive sign. However, operating profit loss decreased by 25%, dropping to £62,000. Administrative expenses also rose by 9%, reaching £160,000. The number of employees increased slightly, by 9%, to 12. Debtors decreased by 2.4%, while creditors increased by 3.3%. 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 for flexibility, but the decline in profit raises questions about its long-term sustainability. The company’s unaudited financial statements are likely exempt due to its size. Overall, Designbit Ltd seems to be a growing company, but it needs to keep a close eye on its profitability.

Registered in England/Wales under the registration number 04120093, with a registered address at PR5 0UB, Preston, Roach Bridge Mill Roach Road, Samlesbury.

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