Smarter Applications Limited

Smarter Applications Limited is a small, active company based in London, UK, founded eleven years ago in 2013. With twelve employees and £3,807,026 in assets, it operates from a virtual address – a fact that’s a little concerning as 5,190 other companies are registered at the same location. The company is managed by two directors and two owners, although the list of owners changed three years ago.

The business primarily imports electrical machinery and equipment, with a consistent record of imports over the past five months. It also engages in irregular exports of optical and medical tools and devices, with one month of export activity recorded. The company operates in the wholesale of radio, television goods & electrical household appliances, and its website highlights a focus on healthcare solutions, including biometric access systems and digital health platforms, targeting hospitals, insurance providers, and government agencies across Africa. It even has a "Smart Summit" event.

Financially, Smarter Applications Limited shows a mixed picture. Current assets have decreased by 4.6% to £3,800,000, while net assets have increased by a whopping 110% to £9,700,000. Bank borrowings have decreased by 34% to £25,000, and cash reserves have increased by 130% to £640,000. However, trade debtors have fallen by 16%, which could indicate slower payments from customers. The company meets the criteria to be considered small – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and is exempt from an audit, so the figures are unaudited.

The company’s substantial increase in net assets, however, is a positive sign, suggesting successful growth and investment. It’s worth noting that the company’s fixed assets have increased dramatically, by 15,000%, which is a little odd and needs further investigation. While the company seems to be doing well, it's important to keep an eye on those trade debtors and the unusual fixed asset increase.

Registered in England/Wales under the registration number 08608729, with a registered address at EC2A 4NE, England, London, 86-90 Paul Street.

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