Sociemo Limited

Sociemo Limited is a small, active company based in Belfast, UK, founded three years ago in July 2021. The company, with a real registered address and two directors and owners, currently holds £8,155 in assets and has a perfect 5.0 Google rating based on one review. It operates in the retail sale via mail order houses or via internet industries and is led by a solo founder.

The company’s website, Sociemo, appears to be an e-commerce platform, although details are scant. It seems to focus on selling goods online, likely targeting a niche market, but further investigation would be needed to determine the exact product range and target audience. The site’s design and functionality are basic, suggesting a small-scale operation focused on sales rather than elaborate marketing.

Financially, Sociemo Limited presents a mixed picture. Current assets have dropped significantly by 39% to £8,200, while net assets have declined by 49% to -£17,000. Cash bank on hand has also fallen by 39% to £8,200. Creditors have decreased slightly by 3.2% to £30,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in equity is concerning. The company has no auditor mentioned, as it is exempt as a small company.

The decrease in equity and cash reserves suggests Sociemo Limited may be burning through money, although it’s difficult to say for sure without more detailed information. The company’s reliance on online sales means it’s vulnerable to changes in consumer behavior and competition from larger e-commerce players. It’s likely the company is still in the startup phase, and these financial challenges are not unusual.

Registered in Northern Ireland under the registration number NI681182, with a registered address at BT7 2HJ, Northern Ireland, Belfast, 5 Fitzwilliam Avenue.

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