Jem Live Ltd

Jem Live Ltd, a small, active company based in London, UK, was founded four years ago and employs three people. With £71,224 in assets and a real registered address, it operates with two directors and two owners. The company is a regular exporter of machinery, boilers, and mechanical appliances; parts, with three months of export activity, and an irregular importer of iron or steel products, with just one month of import activity.

The company's website reveals it offers local B2B lead generation software, LeadSwift. It gathers leads and automates outreach, allowing businesses to contact thousands of local businesses with the click of a button. The software scours major sources like Google, Yelp, Facebook, and YellowPages, providing businesses with contact details, website audits, social presence analysis, and advertising snapshots. It even offers outreach automation and online presence analysis, helping businesses manage their entire sales process.

Financially, Jem Live Ltd’s numbers paint a mixed picture. Current assets have plummeted by a staggering 76%, dropping to just £71,000, while net assets have also seen a significant decline of 73%, settling at £53,000. Cash reserves have also taken a hit, decreasing by 84% to £16,000. Bank borrowings have increased by 2400%, reaching £29,000, and creditors have decreased by 56%, suggesting better debt management. The company’s small size (meeting two of three conditions for being small) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned, the figures rely on unaudited statements.

The company’s financial situation suggests it’s burning through money. While the software business appears to be active, the significant decline in assets and cash reserves indicates a need for careful financial management. It’s likely the company is reinvesting heavily in growth, but the lack of profitability is a concern.

Registered in England/Wales under the registration number 12919933, with a registered address at NW5 3ED, England, London, Ground Floor, Block D Imperial Works, Perren Steet.

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