Smartsource Solutions Ltd

Smartsource Solutions Ltd from Sheffield UK: a small, active company founded sixteen years ago in 2008, employs ten people, and holds assets worth £493,565. Based at a real address, the company is led by three directors and owned by Cotton Matthew Adam. It operates an e-commerce site and regularly imports paper and paperboard products (fifteen months of activity) and exports machinery, boilers, and mechanical appliances (twenty-six months of activity).

The company's website positions Smartsource as "your strategic buying partner," offering a wide range of business supplies, from print and labels to workwear and PPE. It’s more than just a reseller; they offer product development, just-in-time delivery, and stock management services—essentially streamlining procurement for businesses. The site highlights their ability to consolidate suppliers and reduce costs, suggesting a focus on value-added services beyond simple product sales. They even offer bespoke products, tailored to specific client needs.

Financially, Smartsource Solutions Ltd presents a mixed picture. Creditors have risen by 24%, reaching £340,000, while cash reserves have increased by 18%, now at £210,000. Debtor values have increased by 27% to £190,000. Accumulated amortisation of intangible assets has increased by 48%, and depreciation on plant and machinery has increased by 13%. However, net assets have grown by 18%, reaching £260,000. 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 increase in creditors suggests a need to manage cash flow carefully. The company is exempt from an audit, so the financial statements are unaudited.

The rise in finance lease liabilities, increasing by 420%, is a notable trend. This could indicate investment in equipment or expansion of operations, but also presents a risk if not managed effectively. The company’s ability to maintain its regular import and export activity, despite these financial shifts, suggests a resilient business model—though future performance will depend on continued demand and effective cost control.

Registered in England/Wales under the registration number 06729870, with a registered address at S4 7UR, Sheffield, S Yorks, President Park, President Way.

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