Reality Solutions Limited

Reality Solutions Limited, based in Kingston Upon Hull, UK, is a small holding company with an active status. Founded thirteen years ago in 2012, it employs thirty-six people and holds assets worth £840,167. The company operates from a real address and is managed by three directors and one owner. It’s an irregular importer and exporter of electrical machinery and equipment, with limited activity in recent years (one month of imports in 2019 and one month of exports in 2022).

The company’s website paints a picture of a provider of IT solutions and services. Reality Solutions acts as a Sage partner, offering software solutions, consultancy, training, and managed IT support. They specialize in Sage software, including Sage 200, Sage 50, and Sage CRM, and provide add-ons like Cim50 and Qnect. Beyond software, they offer IT procurement, Microsoft 365 solutions, server solutions, and cloud hosting services, including their own Reality Cloud platform. The website emphasizes bespoke solutions tailored to business needs, with a blog featuring articles on topics like digital tax solutions and firewall selection.

Financially, Reality Solutions Limited presents a mixed picture. While current assets increased by 20% to £840,000, net assets remained steady at £200,000. Bank borrowings decreased by 36% to £19,000, and cash reserves plummeted 92% to a mere £11,000. Debtors surged by 50% to £760,000, suggesting increased sales or extended credit terms. Creditors also rose, increasing by 30% to £620,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in cash reserves warrants attention. The company's accounts are unaudited, likely due to its small size. It’s clear the company is working hard to provide services, but the financials suggest it’s facing some challenges.

Registered in England/Wales under the registration number 07956068, with a registered address at HU7 0AE, Kingston Upon Hull, East Yorkshire, 1 Global Business Park, Hamburg Road.

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