Reality Check Systems Emea Limited

Reality Check Systems Emea Ltd from London UK is a small holding company with an active status, established twelve years ago in 2012. The company employs six people and holds £524,211 in assets, operating from a virtual address. It’s led by one director and one owner, and functions as an irregular importer of machinery, boilers, and mechanical appliances; parts, with just one month of imports recorded dating back to 2017.

The company’s core business revolves around providing a virtual site visit platform for corporate transparency. Its website, Reality Check Systems, promotes a service allowing stakeholders to experience a company’s operations remotely, using PCs, Macs, VR headsets, tablets, or mobile devices. The platform caters to various industries, enabling immersive tours, multimedia content, and data integration—a cost-effective way to showcase a business to potential investors and regulatory bodies. The website even offers support for companies wanting to create their own tours, or utilize existing hardware.

Financially, Reality Check Systems Emea Ltd’s numbers show a mixed picture. Current assets decreased by 35% to £520,000, while net assets also fell by 36% to £520,000. Trade debtors have plummeted by 87% to just £39,000, which could indicate better collection practices or a shift in credit terms. Bank borrowings have increased significantly, reaching £29,000, and cash reserves have fallen 71% to just £4,100. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity is concerning. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s financial data also reveals that depreciation charges for computer equipment remained steady at £35,000, and the number of employees in administration support has stayed at two. The company’s focus on virtual tours and corporate transparency appears to be a niche market, but the financial results suggest it’s facing some challenges.

Registered in England/Wales under the registration number 08189455, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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