Smets Design Limited

Smets Design Limited, based in London UK, is a small, active company founded eight years ago in 2017. With £685,524 in assets, it operates from a virtual address shared by thirty-one other companies, a bit unusual. The business is led by one director and owner, Patel Paresh, and focuses on providing IT consultancy services. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company is a regular importer, though its top import category is “None,” with five months of import activity recorded, the latest in May 2023.

The company’s website, smets2design.com, showcases a range of test tools and training simulators geared towards the Zigbee standard. Products include the TSCH Standard 420, GBCS Validation Tool, Zigbee Test Manager, Packet Inspector, and HAN Assist Tool. The site also features a “Training Simulator CH” designed for installer training, available as an Android/iOS application. It’s clear the company caters to a niche market of engineers and technicians involved in smart home and industrial automation, with a focus on testing and certification. The site's design is a little dated, but the product descriptions are detailed and technical.

Financially, Smets Design Limited shows some concerning trends. Cash bank on hand has plummeted 74%, dropping to £89,000, while creditors have risen 32% to £83,000. Current assets have also decreased by 6.2% to £690,000. On the plus side, debtors have increased significantly, by 270% to £300,000, which could indicate growing sales, but also potential collection issues. Equity has declined by 4.4% to £1.4 million. The company is exempt from an audit, so the financial statements are unaudited. It’s worth noting that the company’s small size (meeting two of three conditions for being small) means it’s likely to be agile, but the decline in cash reserves and increase in creditors are points to watch. The company’s reliance on a single owner and director could also pose a risk if there were to be any changes in leadership.

Registered in England/Wales under the registration number 10643900, with a registered address at SW14 8JN, England, London, 20 Mortlake 20 Mortlake High Street.

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