Smitcare Services Ltd

Smitcare Services Ltd, based in Bagshot, UK, is a small, active company founded eight years ago. With a single employee and £340,071 in assets, it operates from a virtual address – a point to note as twenty-two companies share the same address. The company is led by a solo founder, Anthony Hurley Declan, who also serves as director and owner, and maintains a respectable Google rating of 4.0 based on five reviews. Smitcare regularly imports furniture, lighting, and prefabricated buildings, with 150 months of import activity recorded, though the last operation occurred in September 2022.

The company’s website presents Smitcare as a manufacturer and distributor of independent living products, primarily serving health, social services, and some retail outlets. It functions as an information resource, offering product guides, training videos, and a trade catalogue – a sign of a business focused on B2B rather than direct consumer sales. The website also mentions a trade catalogue and discontinued products, suggesting a broader range of offerings beyond the core independent living focus.

Financially, Smitcare’s picture is mixed. While current assets increased by 15% to £340,000, equity dropped by a significant 34% to £39,000. Bank borrowings remained stable, but cash reserves jumped by a substantial 280% to £89,000 – a positive sign. Creditors also increased by 28% to £35,000, and trade debtors decreased by 11% to £220,000. The company’s small size (meeting two of three conditions for being small) allows for agility, but the decrease in equity warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Smitcare Services Ltd appears to be navigating a period of change. The increase in cash reserves is encouraging, but the decrease in equity suggests the company may be burning through money. It's possible the company is investing in growth, but it's also possible that it's facing financial pressures. The lack of an auditor mentioned in the report means that it's difficult to assess the company's financial health with certainty.

Registered in England/Wales under the registration number 10408602, with a registered address at GU19 5AF, England, Bagshot, 23 High Street.

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