O'neil Software Limited

O'Neil Software Limited, based in East Sussex, UK, is a small, active company founded 28 years ago. Employing seven people and holding £1,202,818 in assets, it operates from a virtual address, a detail that raises some questions about its physical presence. The company is run by two directors and owned by Ryssemus Meggan, who also serves as a director. It's a solo founder story. While it irregularly imports miscellaneous manufactured goods (just two months of activity), it’s a regular exporter of machinery, boilers, and mechanical appliances parts, with 15 months of export activity.

The company’s website showcases a comprehensive suite of software solutions for records management centers. It’s not a typical e-commerce site; instead, it’s a platform for businesses to manage their physical records—from storage to destruction. The site highlights solutions for commercial, government, and corporate records centers, emphasizing cloud and on-premise options. It even offers a bridge for customers to view and manage their inventory through existing software. The website also includes training resources, a knowledge base, and a QR code generator, suggesting a focus on customer support and education.

Financially, O'Neil Software Limited is showing some concerning trends. Current assets have dropped by a significant 29%, falling to £1,200,000. Net assets have also taken a hit, declining 41% to £530,000. Bank cash reserves have fallen 36%, now at £820,000. While creditors have decreased slightly, the substantial drop in assets and cash is notable. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 100 employees. The lack of an auditor mentioned, likely due to its small size, means these figures are unaudited.

Despite these challenges, O’Neil Software Limited appears to be a well-established player in its niche market, providing specialized software to a specific industry. Whether the company can continue to navigate these financial pressures while maintaining its position as a leading provider remains to be seen.

Registered in England/Wales under the registration number 03249406, with a registered address at BN21 4SH, East Sussex, 30/32 Gildredge Road, Eastbourne.

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