Itprolab Ltd

ItproLab CosmoSet Software Solutions is a small, active company based in London, UK, founded five years ago. With a single employee and £89,568 in assets, it operates from a virtual address, managed by one director and owner—a solo founder. The company’s status is active, and it was incorporated on June 12, 2019.

The company’s website showcases a platform for business process automation, monitoring, management, and reporting called CosmoSet. It positions itself as a global full-cycle software development company with expertise in the latest technologies. The site highlights various modules, including warehouse and SCM, HR, GDPR, and document management, all designed to improve efficiency and productivity. It also features success stories from clients like Efes Vitanta Brewery, Metal Invest, and Porsche Center Moldova, emphasizing its ability to deliver tangible results. The company's technologies include .NET, C, JavaScript, TypeScript, AngularJs, and PostgreSQL.

Financially, ItproLab CosmoSet Software Solutions shows some concerning trends. Cash bank on hand has plummeted 93% to just £4,500, while current assets have decreased by 53% to £90,000. Bank borrowings have also declined by 19% to £3,800, but trade debtors have increased by 37% to £33,000. Equity, however, has risen by 34% to £15,000, and creditors have decreased by 19% to £3,800. 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 likely exempt from an audit, so the figures are unaudited. The sharp decline in cash reserves, however, suggests the company may be burning through money, despite the increase in equity. It’s possible the company is investing heavily in its platform and marketing efforts, but it needs to carefully manage its cash flow to avoid financial difficulties.

Registered in England/Wales under the registration number 12046347, with a registered address at SE7 8NF, England, London, Unit 7 New Lydenburg Commercial Estate, New Lydenburg Street.

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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