Netdocuments Limited

Netdocuments Limited is a small, active company based in Reading, UK, founded fourteen years ago in 2011. It employs 26 people and holds £5,031,690 in assets, generating £8,156,571 in yearly revenue. The company operates from a real address and is managed by two directors, although no owners are officially listed. It regularly imports electrical machinery and equipment, with the most recent import activity recorded five months ago.

The company's website, netdocuments.com, describes it as a provider of document management solutions for law firms and other professional services organizations. It offers cloud-based software that allows users to securely store, organize, and retrieve documents. While it doesn's appear to be an e-commerce site, the website does offer a free trial and pricing information, suggesting a subscription-based service model.

Financially, Netdocuments Limited's recent performance presents a mixed picture. While turnover increased by 7%, net assets decreased by 6.3% to -£6,000,000, indicating a loss of equity. Cash reserves increased significantly by 240%, reaching £540,000, which is a positive sign. However, administrative expenses rose by 19%, and bank overdrafts disappeared completely, suggesting a shift in financial management. Trade debtors increased by 13%, which could be a sign of delayed customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decline in equity warrants closer scrutiny. The accounts were audited by James Cowper Kreston Audit, and the financial statements were prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Registered in England/Wales under the registration number 07509508, with a registered address at RG1 8LS, England, Reading, 8th Floor South Reading Bridge House, George Street.

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