Pleo Technologies Ltd

Pleo Technologies Ltd, based in London, UK, is a large, active company founded six years ago in 2018. With 125 employees and £6,990,533 in assets, it’s a significant player, generating £17,471,892 in yearly revenue. However, it operates from a virtual address, a point to note, and has three directors but no listed owners. Google users rate it 4.0 out of 5 based on 12 reviews, and it regularly imports electrical machinery and equipment—six months of import activity were recorded.

The company’s website paints a picture of a modern spend management platform. Pleo aims to centralize business spending, offering smart company cards, invoice processing, and reimbursement management. It boasts integrations with popular tools like NetSuite, Xero, and QuickBooks, and emphasizes automation and detailed analytics. The site is clearly geared towards businesses looking to streamline their finances and gain better control over spending. It’s a SaaS (Software as a Service) business, offering a subscription model.

Financially, Pleo Technologies Ltd shows some interesting trends. While revenue remained steady, net assets increased by a substantial 230%, reaching £1.1 million—a positive sign. However, bank balances decreased by 75%, falling to £620,000, and trade debtors surged by an impressive 1,200%, suggesting a reliance on customer payments. Cash reserves also declined by 75%, landing at £620,000. Despite this, creditors decreased by 18%, which could indicate improved debt management. The company's large size (meeting two of three criteria for being a large company) and the absence of an auditor (likely exempt as a small company) mean the figures are unaudited.

Overall, Pleo Technologies Ltd seems to be a growing company, but the decrease in cash reserves and the spike in trade debtors warrants closer attention. The company’s focus on automation and integration positions it well in the competitive spend management market, but its financial health will be key to its long-term success. It’s a company to watch.

Registered in England/Wales under the registration number 11627889, with a registered address at EC4A 1JP, United Kingdom, London, 12 New Fetter Lane.

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