Redbite Solutions Ltd

Redbite Solutions Ltd, based in Cambridge, UK, is a small, active company established eighteen years ago. With six employees and £627,911 in assets, it operates from a real address within the St. John’s Innovation Centre. The company is led by six directors and owned by two individuals, boasting a stellar 5.0 Google rating from four reviews. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with the last import recorded just one month ago.

The company's website reveals a focus on asset tracking software, marketed under the name "itemit." It’s a comprehensive solution for businesses to track assets, equipment, and tools, offering features like RFID tracking, fixed asset registers, and equipment checkout management. The site emphasizes ease of use and time-saving benefits, showcasing testimonials from satisfied customers across various industries, including construction, IT, and film production. The website’s content suggests a B2B model, targeting businesses looking to improve asset visibility and streamline operations.

Financially, Redbite Solutions Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 17%, while accumulated depreciation impairment for property, plant, and equipment rose by 57%. Bank cash increased by 16%, but average employees decreased by 33%, dropping to just four. Net assets also decreased by 3.4%. While creditors rose by 7.2%, trade debtors increased by 27%, suggesting a possible shift in payment terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in net assets warrants attention. The unaudited financial statements, as is common for small companies, rely on director-reported data.

It seems Redbite Solutions Ltd is navigating a period of change, potentially adapting to market conditions or shifting its operational focus. The strong online presence and positive customer reviews suggest a solid foundation, but the financial trends indicate a need for careful management and strategic planning.

Registered in England/Wales under the registration number 05993686, with a registered address at CB4 0WS, England, Cambridge, St.John's Innovation Centre, Cowley Road.

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