Simplisafe Ltd

Simplisafe Ltd, based in Manchester, UK, is a small, active company founded seven years ago in 2017. With 56 employees and £3,720,052 in assets, it operates from a real address and is overseen by two directors, though no owners are officially listed. The company has a solid 4.0 Google rating based on 60 reviews, and regularly imports electrical machinery and equipment, with 128 months of import activity recorded.

The company’s website, SimpliSafe UK, is a comprehensive home security system provider. It offers a range of options, from pre-built systems to customizable packages, and emphasizes 24/7 professional monitoring with emergency response. The site highlights features like HD security cameras, hazard detectors, and mobile app control, and even offers professional installation. It’s clear that SimpliSafe is targeting a broad market, from those seeking basic security to those wanting premium features.

Financially, Simplisafe Ltd shows some interesting trends. Current assets have decreased by 10% to £3,700,000, while net assets have decreased by 19% to -£20,000,000. Cash reserves have increased significantly by 200% to £850,000, which is a positive sign. However, bank borrowings have risen by 11% to £21,000,000. Trade debtors have increased by 110% to £100,000, which may indicate a change in payment terms or an increase in sales on credit. 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 agility, but the large net loss raises questions. The company’s financial statements were audited by Zedra Corporate Reporting Services (UK) Limited.

In short, Simplisafe Ltd is a growing security provider facing some financial pressures. Its focus on comprehensive, technology-driven security solutions, combined with its strong Google rating, suggests a promising future—but managing its debt and maintaining profitability will be key.

Registered in England/Wales under the registration number 10795126, with a registered address at M3 3NE, England, Manchester, 196 Deansgate.

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