Softgenie Ltd

Softgenie Ltd is a small, active company based in Carshalton, UK, founded five years ago in 2019. With two employees and £439,663 in assets, it’s a modest operation run by a single director and owner. The company operates from a real address shared by just two other businesses, suggesting a genuine location.

Softgenie’s website showcases a range of IT services aimed at businesses. It’s not primarily an e-commerce site; instead, it offers managed IT services, software maintenance, cloud solutions, legacy system modernization, software development and integration, and IT consulting. The site emphasizes streamlining IT operations and providing cost-effective solutions, with clear calls to action like "Get Started" and "Call Us." Cookies are used to analyze website traffic and optimize the user experience.

Financially, Softgenie Ltd’s picture is mixed. While current assets increased by 19% to £440,000, net assets decreased by 16% to £170,000. Cash reserves fell by a significant 54% to just £10,000, and creditors rose by 61% to £270,000. Trade debtors also increased substantially by 23% to £430,000. It's a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor is typical for a small company, and the accounts are unaudited.

The decrease in cash and rise in creditors could indicate that Softgenie is investing in growth or facing temporary cash flow challenges, but it’s difficult to say for sure. The increase in debtors, however, suggests that the company is extending credit to customers, which could be a strategic move to boost sales—or a sign of potential collection issues. Overall, Softgenie Ltd seems to be a stable, albeit small, business, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 11975062, with a registered address at SM5 2FP, England, Carshalton, 18 Sweetbriar Avenue.

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