Eseye Design Ltd

Eseye Design Ltd, based in Guildford, UK, is a small holding company with an active status, having been founded 22 years ago in 2003. The company employs six people and holds £829,596 in assets. It has a real address, three directors, and one owner, boasting a stellar 5.0 Google rating from nine reviews. Eseye Design is an irregular importer and exporter of electrical machinery and equipment, with import activity spanning two months and export activity spanning one month.

The company's website reveals a global leader in IoT Connectivity and eSIM Orchestration, offering solutions for enterprises and mobile network operators. It provides a range of products and services, including IoT SIM cards, connectivity management platforms, and device assessment services. Eseye’s website is very detailed, with a lot of information about its services, partners, and case studies. It also has a blog and resource hub with informative articles and reports. The company seems to be focused on providing end-to-end IoT solutions, from device optimization to network support. It’s clear that Eseye is a technology-driven business, with a strong emphasis on innovation and global reach.

Financially, Eseye Design Ltd shows some concerning trends. While current assets increased by 33%, to £830,000, net assets plummeted 15%, to -£4,700,000. Bank borrowings surged by 17%, reaching £5,300,000, and cash reserves fell 2%, to £53,000. Trade debtors decreased by 32%, to £340,000, and creditors increased by 18%, to £5,700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the significant equity decline raises questions about its long-term viability. There’s no auditor mentioned, likely due to its small size, so the figures rely on unaudited statements.

In short, Eseye Design Ltd is showing signs of financial strain, despite its strong market position and innovative solutions. The company's focus on global IoT connectivity is impressive, but it needs to address its declining equity to ensure its long-term success.

Registered in England/Wales under the registration number 04641762, with a registered address at GU2 7AF, England, Guildford, 20 Nugent Road, Surrey Research Park.

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