Playtech Limited

Playtech Limited, based in Greenford, UK, is a small, active company founded 14 years ago. Despite its longevity, the business is currently facing challenges, with accounts overdue for two years and confirmation statements outstanding for three. The company employs just five people and holds £165,808 in assets, operating from a virtual address shared by eighty-nine other companies. It’s led by one director and one owner, and regularly imports electrical machinery and equipment, with six months of import activity recorded.

The company’s website paints a picture of a technology provider to the gambling industry, boasting over 25 years of experience. It offers a wide range of services, from player account management (PAM) and marketplace platforms to casino, live gaming, poker, bingo, and retail betting solutions. Playtech also emphasizes its commitment to responsible gambling, offering analytics platforms and promoting sustainability initiatives. The website highlights partnerships with various companies and provides detailed information on its regulatory compliance and corporate policies. It’s clear the company is trying to project an image of a large, established player, despite its small size.

However, the financial data reveals a concerning trend. Net assets have plummeted by a staggering 230%, falling to -£390,000. Current assets have also dropped significantly, decreasing by 51% to £170,000. Bank borrowings have increased dramatically, rising by 230% to -£240,000. Cash reserves are low, sitting at just £92. While trade debtors have decreased by 77%, suggesting improved debt collection, the overall picture is one of financial strain. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size, so the figures are unaudited.

In conclusion, Playtech Limited is a small technology provider facing significant financial headwinds. While it projects a large, established image through its website and services, the underlying financials suggest a company struggling to maintain its footing. The sharp decline in equity and the reliance on bank borrowings raise questions about its long-term viability.

Registered in England/Wales under the registration number 07523438, with a registered address at UB6 0JG, England, Greenford, 17 Gainsboro Gardens.

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