Fleet Software Solutions Ltd

Fleet Software Solutions Ltd, based in London, UK, is a small, active company founded nine years ago in 2016. With two employees and £41,460 in assets, it operates from a virtual address shared by many other businesses – a bit strange, really. The company is a family business, run by two directors and owners, and it’s a solo founder’s project. They regularly import electrical machinery and equipment, with 19 months of import activity recorded, the last in October 2024.

The company’s website showcases its focus on vehicle tracking, telematics solutions, and camera systems. They target businesses needing to monitor their fleets, offering services like vehicle tracking, grey fleet mileage capture, and lone worker protection. They emphasize device agnostic software, a wide range of tracking options, and customizable reporting—a lot of features for a small team. They even offer training and interim fleet management services, which is a nice touch.

Financially, Fleet Software Solutions Ltd presents a mixed picture. Current assets have decreased by 14% to £41,000, while net assets have fallen a staggering 78% to just £560. Bank borrowings have decreased by 1.9%, and cash reserves have increased by a whopping 920% to £3,000 – a significant turnaround. However, creditors have also decreased by 1.9%, suggesting better debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The increase in the number of employees from two to three is also notable. With no auditor mentioned, the accounts are unaudited.

Overall, Fleet Software Solutions Ltd appears to be navigating a challenging financial landscape, with a dramatic decrease in equity. While the company's telematics services seem well-positioned, the long-term sustainability of the business remains to be seen.

Registered in England/Wales under the registration number 10076323, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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