Platform 365 Limited

Platform 365 Ltd, based in Canary Wharf, London, is a small, active company founded 19 years ago in 2005. With 16 employees and £470,955 in assets, it’s a relatively modest operation overseen by three directors and two owners. The company holds a stellar 5.0 Google rating based on two reviews, and operates from a real address shared by only two other businesses. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with the most recent import occurring one month ago.

The company’s website showcases its focus on IT support, business solutions, and cloud computing. It offers a range of services, including managed IT support, cloud hosting, cybersecurity, and IT connectivity, catering to both commercial and educational clients. The site highlights its expertise in areas like Windows 11 upgrades, ISOIEC 27001 accredited managed services, and even offers a quiz to assess business cybersecurity. It’s clear the company aims to be a trusted IT partner, offering a “personal touch” and emphasizing its team of “client-focused, technical experts.”

Financially, Platform 365 Ltd shows some concerning trends. While average employee numbers increased slightly to 18, cash bank holdings dropped significantly by 47% to £130,000. Current assets also decreased by 26% to £470,000, and net assets plummeted 59% to just £170,000. Trade debtors saw a large decline of 59%, which could be a positive sign of improved collections, but also indicates a reduction in sales. Creditors, however, increased by 27%, suggesting the company is relying more on borrowed funds. The company’s small size—meeting two of three criteria for being considered small—allows for agility, but the sharp decline in equity raises questions about its long-term financial health. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Platform 365 Ltd appears to be facing some financial headwinds, despite its strong customer ratings and focused service offerings. The company’s ability to navigate these challenges and maintain its reputation for client-focused IT support will be key to its future success.

Registered in England/Wales under the registration number 05597658, with a registered address at E14 9XL, United Kingdom, Canary Wharf, London, 18 Beaufort Court Admirals Way.

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