Foresolutions Limited

Foresolutions Ltd from Ringwood UK: a small company, holding company, with an active status, was founded 46 years ago. It employs 14 people and holds £992,826 in assets. The company is overseen by three directors and one owner. It’s a regular importer of electrical machinery and equipment, with 26 months of import activity recorded.

The company operates in the wireless telecommunications activities industries and provides a comprehensive suite of solutions centered around connected workforce technology. Its website showcases a focus on vehicle asset tracking, two-way radio communication, and body-worn cameras, catering to sectors like aviation, construction, and infrastructure. It also offers specialized services like GPS routing software (Forerouting) and aircraft safety check audit software (Forecompliance). The business model appears to be a blend of product sales (radios, cameras, trackers) and service provision (installation, repair, support, and software solutions). The website doesn't explicitly indicate an e-commerce presence, suggesting a more business-to-business (B2B) sales approach, potentially involving direct sales or partnerships.

Financially, Foresolutions Ltd shows a mixed picture. Current assets decreased by 2.4% to £990,000, while net assets increased by 22% to £800,000. Bank borrowings decreased significantly by -100% to zero, and cash reserves dropped by 65% to £63,000. Creditors decreased by 13%, and trade debtors increased by 7.6%. 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 agility, but the drop in cash reserves could indicate tighter cash flow management. The accounts are unaudited, likely due to the company's small size and exemption from an audit.

Overall, Foresolutions Ltd appears to be a stable, albeit potentially cash-constrained, business. Its focus on specialized communication and tracking solutions for specific industries suggests a targeted approach, but the financial data hints at a need for careful management of working capital.

Registered in England/Wales under the registration number 01392996, with a registered address at BH24 3FF, United Kingdom, Ringwood, Hampshire, Unit 5c, Gp Centre,, Yeoman Road.

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