Eri Banking Software Limited

Eri Banking Software Ltd from London UK: a small, active company founded 24 years ago, employs 11 people, and holds £2,541,741 in assets. Operating from a virtual address, it's led by two directors and a solo founder, Monika Assaraf-jordi, and maintains a perfect 5.0 Google rating based on one review. The company irregularly imports machinery, boilers, and mechanical appliances, with the last import operation occurring in June 2017. Eri Banking Software Ltd operates in the other business support service activities n.e.c. industries.

The company’s website, eribankingsw.com, showcases a software solution designed to streamline banking operations. It appears to be primarily a B2B offering, targeting financial institutions with a focus on efficiency and compliance. The site’s design is somewhat dated, and there’s no obvious e-commerce functionality—suggesting a sales model based on direct contact and custom implementations. There's no indication of a physical store or retail presence, reinforcing the software-centric nature of the business.

Financially, Eri Banking Software Ltd presents a mixed picture. Current assets have decreased by 4.4% to £2,500,000, while net assets have fallen by 18% to £850,000. However, cash reserves have increased by a substantial 19% to £530,000—a positive sign of improved liquidity. Trade debtors have surged by 56% to £870,000, potentially indicating increased sales but also a risk of delayed payments. Bank borrowings remain stable at £1,600,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s not required to have its accounts audited. The company’s financials are unaudited.

Despite the decrease in net assets, the increase in cash reserves suggests that the company is managing its expenses effectively. The substantial rise in trade debtors warrants close monitoring, as it could impact future cash flow. The company's financial statements were prepared by Gravita Audit Limited. The increase in future minimum lease payments, rising 320% to £650,000, may indicate expansion plans or renegotiated lease terms—though the details remain unclear.

Registered in England/Wales under the registration number 04117774, with a registered address at NW11 8NA, United Kingdom, London, 843 Finchley Road.

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