Shape Systems Limited

Shape Systems Ltd from Coventry, UK, is a small, active company established 31 years ago in 1993. With nine employees and £983,254 in assets, it's a modest operation led by three directors and two owners. The company maintains a real address and regularly imports and exports electrical machinery and equipment – 13 months of imports and 19 months of exports recorded.

The company operates in the "other information technology service activities" sector, suggesting a focus on specialized IT services. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. A quick look at their website reveals no obvious e-commerce presence, suggesting a business-to-business model rather than direct consumer sales.

Financially, Shape Systems Ltd shows a mixed picture. Cash reserves have increased by a healthy 51% to £350,000, a positive sign of improved liquidity. However, net assets have decreased by 4.4% to £530,000. Bank borrowings have increased by 39% to £13,000, which could be due to investments in equipment or expansion. Trade debtors have significantly decreased by 15%, which is good, but trade creditors have increased by 36%, which could be a concern. The company’s net current assets also decreased by 9%, which might indicate a tightening of working capital.

Interestingly, depreciation charges on office equipment have decreased, suggesting less investment in this area. The company is exempt from an audit due to its small size, so the financial statements are unaudited. Overall, Shape Systems Ltd seems to be navigating a period of change, with both opportunities and challenges on the horizon.

Registered in England/Wales under the registration number 02850439, with a registered address at CV6 4FL, Coventry, 211-213 Rotherham Road, Holbrooks.

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