Mri Software Limited

MRI Software Limited, based in London, UK, is a holding company with an active status, having been established 28 years ago in March 27, 1997. The company employs 73 people and holds assets totaling £22,662,000. While it has a registered address, fourteen other companies are also registered there, suggesting a virtual address. It's managed by three directors and has one owner, though the list of owners was changed nine years ago. Google users rate it 4.0 stars based on 23 reviews. The company regularly imports electrical machinery and equipment, with its last import operation occurring on July 01, 2024.

MRI Software Limited operates in the business and domestic software development industries. It owns several subsidiaries, including Springboard Research Holdings Limited, MRI Software EMEA Limited, Real Asset Management Limited, FSI Global Limited, and VA Holdco Limited. Previously, it was known as Intuit Real Estate Solutions Limited, Management Reports International Limited, and Dawncourse Limited.

Financially, MRI Software Limited presents a mixed picture. Current assets have decreased by 47%, dropping to £23 million, while net assets have fallen by 16%, reaching £91 million. Bank borrowings have increased significantly, though the exact figure isn’s clear, and cash reserves have also decreased. Creditors, however, have increased, suggesting a potential reliance on short-term financing. The company's turnover isn't explicitly stated, but it's likely substantial given its asset base and number of employees. The accounts were audited by Barnes Roffe LLP.

The sharp decline in equity is a noteworthy trend. It could be due to various factors, such as increased investment in subsidiaries, write-downs of assets, or simply a period of lower profitability. The rise in bank borrowings suggests the company is utilizing debt to finance its operations, which could be a strategic move or a sign of financial pressure. The auditors report no matters of exception, but the lack of detailed financial information makes it difficult to draw definitive conclusions. Overall, MRI Software Limited appears to be a well-established holding company, but its recent financial performance warrants closer scrutiny.

Registered in England/Wales under the registration number 03341304, with a registered address at EC2V 8EA, England, London, 9 King Street.

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