Microsystem Support Limited

Microsystem Support Ltd from Cheddar UK: a small, active company founded 27 years ago, employs five people, and holds £1,815,037 in assets. It’s a real address, managed by three directors and two owners – a family business. They regularly import electrical machinery and equipment, with five months of import activity recorded. The company operates in the information technology consultancy activities industries.

The Microsystem Support website highlights a wide range of IT services, from legacy system support and SME IT services to hardware sales and maintenance. They offer consultancy, software upgrades, and even refurbushed equipment. A key feature is their focus on "MSS Legacy Support," catering to businesses needing to maintain older IT systems. The site also mentions a nationwide distribution centre and a UK-based call centre, suggesting a broader reach than just their Cheddar location. They have a perfect 5.0 Google rating from eight reviews.

Financially, Microsystem Support Ltd shows some concerning trends. Cash bank on hand dropped by 29% to £870,000, while bank borrowings increased by 2,400% to £29,000. Trade debtors jumped by 97%, suggesting delayed customer payments, and creditors decreased by 29% to £150,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay flexible, but the drop in cash reserves is something to watch. Property plant and equipment increased by 1400% to £29,000, which is a large increase. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's net assets remained stable at £1.1 million, but the significant increase in bank borrowings and decrease in cash reserves suggest it’s burning through money. The directors advance and credit repayments were also quite high. It’s likely the company is investing in growth, but the lack of profit could indicate challenges in converting sales into cash flow.

Registered in England/Wales under the registration number 03499750, with a registered address at BS27 3EB, United Kingdom, Cheddar, Somerset, Unit 2a Cheddar Business Park, Wedmore Road.

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