Smart (group) Limited

Smart Group Ltd, based in London, UK, is a holding company with an active status, having operated for 26 years. Employing 60 people and holding assets of £6,740,512, the company utilizes a virtual address, registered at a location shared by 18 other businesses. Two directors and one owner (though the owner list changed recently, which is a good sign for sales) steer the company, which has a Google rating of 3.0 based on nine reviews. Smart Group Ltd irregularly imports furniture, lighting, and prefabricated buildings, with the last import operation occurring one month ago in August 2018.

The company’s website suggests it’s primarily involved in event management and catering, operating under the branding "Smart." It appears to own several subsidiaries including Smart Live Limited, The Last Supper UK Limited, and The Moving Venue Caterers Limited, amongst others. The company’s core business seems to be planning and executing events, offering catering services, and managing venues—a diverse range of activities.

Financially, Smart Group Ltd presents a mixed picture. While current assets have decreased by 10%, to £6,700,000, bank borrowings have seen a significant reduction, with the overdraft dropping by 32%. However, net assets have plummeted 70%, landing at -£3,700,000, and cash reserves have fallen 49% to £370,000. Trade debtors have also seen a substantial drop, 84%, which could indicate issues with customer payments. The company’s average number of employees has increased by a staggering 210%, jumping to 190, which is a notable shift. The lack of an auditor mentioned suggests the company is exempt from mandatory auditing.

Overall, Smart Group Ltd appears to be navigating a period of financial adjustment. The increase in employees, combined with the decrease in debtors, might signal expansion efforts, but the substantial decline in net assets warrants closer scrutiny. The company’s diverse range of subsidiaries and services, however, provides a degree of resilience, and the recent changes to the owner list could be a positive sign for future growth.

Registered in England/Wales under the registration number 03683916, with a registered address at SE8 5HY, United Kingdom, London, Unit 10 Deptford Trading Estate, Blackhorse Road.

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