Socomore Ltd.

Socomore Ltd, based in Dorchester, UK, is a large company with an active status, having been established 24 years ago in 2000. Despite employing just three people, it holds £467,687 in assets and generates £843,176 in yearly revenue. The company operates from a virtual address, registered at 40 High West Street, which is a little odd as twelve companies share the same address. It's managed by four directors, although no owners are officially listed – likely one of the directors holds a significant stake.

Socomore’s business is a bit of a mixed bag. It’s an irregular importer, primarily bringing in optical and medical tools and devices, with the last import occurring just two months ago. However, it’s a regular exporter of plastics and plastic products, having shipped goods for five months. The company describes itself as providing expert solutions for surface preparation, control, and treatment, catering to industries like aerospace, automotive, and energy. Its website showcases a wide range of products, from paint strippers to protective coatings, and even offers services like disinfection and nondestructive testing. It seems to be a B2B operation, selling to industrial clients rather than directly to consumers.

Financially, Socomore Ltd presents a complex picture. While turnover increased by 20%, net assets dropped by 19% to £1.5 million. Bank borrowings surged by 2,400% to £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s size (meeting two of three criteria for a large company) helps it remain competitive, but the sharp equity drop raises concerns. No auditor is mentioned, likely due to its status as a small company.

Overall, Socomore Ltd seems to be navigating a period of change. While its core business appears to be thriving, the financial data suggests some challenges. Whether it can maintain its growth trajectory remains to be seen, but its diverse product range and established presence in key industries position it for continued success.

Registered in England/Wales under the registration number 04031636, with a registered address at DT1 1UR, England, Dorchester, Dorset, 40 High West Street.

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