Sfg Software Ltd

Sfg Software Ltd, based in Inverness, UK, is a small, active company founded fifteen years ago in 2009. Employing eleven people, it holds £680,614 in assets and operates from a virtual address – forty two companies share the same address, which is unusual. With seven directors and two owners, the company has a strong 5.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of import activity recorded as of May 2022.

The company’s website highlights its focus on IT support and services for businesses across the Highlands and Islands. They offer a range of solutions, from cloud computing and Microsoft 365 support to cybersecurity audits and WiFi maintenance. They even offer free introductory offers and a free Microsoft 365 overview, which is a nice touch. The website’s blog provides helpful articles on topics like wired vs. wireless networks and cybersecurity checklists for remote workers.

Financially, Sfg Software Ltd shows some interesting trends. Current assets have decreased by 7.6% to £680,000, while net assets have increased by 17% to £570,000. Bank borrowings have increased by 35% to £250,000, and cash reserves have decreased by 1.9% to £220,000. Creditors have decreased by 57% to £110,000, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble. The increase in average employees reported during the period, from eleven to thirteen, is also noteworthy. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Sfg Software Ltd appears to be a stable, albeit small, business. The decrease in creditors and increase in net assets suggest improved financial health, although the increase in bank borrowings should be monitored. The company’s focus on local IT support and its strong Google rating position it well for continued success.

Registered in Scotland under the registration number SC369985, with a registered address at IV3 5PR, United Kingdom, Inverness, Forbes House, 36 Huntly Street.

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