Dropcode Software Ltd

Dropcode Software Ltd from London UK is a small, active company founded five years ago in May 2019. With a single employee and £9,053 in assets, it operates from a virtual address, managed by one director and owner. The company meets two of the three conditions to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Dropcode Software Ltd appears to be involved in a diverse range of activities, including retail sales via mail order and internet, information technology consultancy, and other IT services. While a website isn's available, this suggests a multifaceted business model catering to both consumer and business clients. It’s likely the company leverages online platforms for sales and service delivery, given the virtual address and focus on internet-based activities.

Financially, Dropcode Software Ltd presents a mixed picture. Current assets have decreased significantly by 48% to £9,100, and net assets have also fallen by 27% to £600. Bank borrowings have decreased by 35% to £2,000, and cash reserves have plummeted 49% to £2,100. Creditors have also decreased by 35% to £2,000, which could indicate improved debt management. However, the sharp decline in assets and equity raises concerns about the company’s financial health. The company’s small size helps it remain flexible, but the decrease in equity is something to watch. As a small company, it’s exempt from an audit, so the financial data is unaudited.

Overall, Dropcode Software Ltd is a small company facing financial pressures. While its diverse range of services and online presence suggest potential, the declining assets and equity warrant careful monitoring. The company's future success will depend on its ability to generate revenue and manage its expenses effectively.

Registered in England/Wales under the registration number 12013087, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street.

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