Sb Software Limited

Sb Software Limited, based in Sheffield, UK, is a small, holding company with an active status. Founded seventeen years ago in 2007, it employs thirteen people and holds £327,239 in assets. The company has three directors and one owner, and operates from a real address with only one other company registered there. It’s an irregular importer, bringing in clothing and accessories (not knitted or crocheted) for a single month, with the last import occurring in November 2024.

The company’s website is non-existent, which is not unusual for smaller software firms. However, the report indicates Sb Software Limited operates in the software publishing and information technology consultancy industries. It’s a small company, meeting two of the three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Sb Software Limited shows some concerning trends. While cash reserves dropped 16% to £90,000, bank borrowings decreased by 30% to £14,000. Creditors increased significantly by 37% to £250,000, and trade debtors jumped by a substantial 28% to £190,000. Equity also declined by 14% to £190,000. The company’s net current assets and liabilities decreased by 30% to £77,000. Despite these declines, the company's future minimum lease payments decreased by 10% to £230,000.

The company's financial statements are unaudited, a common practice for small entities. The lack of auditor information suggests the company is exempt from an audit. It's clear that the company is facing some financial pressures, but its small size and agility may help it navigate these challenges. The increase in creditors and debtors, coupled with the decrease in cash reserves, suggests the company may be burning through money. It’s possible that the company is investing in growth, but it’s also possible that it’s struggling to manage its cash flow.

Registered in England/Wales under the registration number 06432271, with a registered address at S8 0UH, United Kingdom, Sheffield, South Yorkshire, 40 Little London Road.

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