Good With Devices Ltd

Good With Devices Ltd from Sheffield, UK, is a small, active company founded 22 years ago. With 22 employees and £347,502 in assets, it’s a well-established player in the region. The company, led by two directors and one owner, holds a respectable 4.0 Google rating based on six reviews. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with its last import operation recorded one month ago.

The company specializes in contactless fundraising solutions, offering a range of devices like the Donation Station and Discovery Station. Its website highlights a focus on maximizing fundraising impact through innovative technology, catering to charities, corporate organizations, and educational institutions. They even boast of raising 8 million for good causes so far. The company operates in the business and domestic software development industries.

Financially, Good With Devices Ltd shows some concerning trends. Current assets have plummeted by 50% to £350,000, and net assets have fallen by 37% to £270,000. Bank borrowings have decreased by 45%, and cash reserves have dropped a significant 73% to £77,000. Trade debtors have also decreased by 37%, which could indicate better debt management. The company meets two of the three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The substantial decrease in equity, however, raises questions about its long-term financial health. The company is exempt from an audit, so the figures are unaudited.

The decrease in average employees reported during the period is also notable, falling 32% to 15. This could be a result of restructuring or a slowdown in business activity. It’s a bit concerning, but the company seems to be adapting.

Registered in England/Wales under the registration number 04697344, with a registered address at S1 4SQ, England, Sheffield, 178 Shoreham Street.

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