Sourse Limited

Sourse Ltd from Manchester UK: small company, active status, founded 14 years ago, 6 employees, £320,345 assets, real address, 1 director, 1 owner. Regular importer of electrical machinery and equipment (6 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £320,345. The company is a regular importer, with its top import category being Electrical machinery and equipment, totaling 6 months of imports. The last import operation was conducted on September 01, 2023.

Sourse Ltd’s primary focus, however, isn's retail. Its website, SourseAI, reveals a different story. It's a provider of AI-powered decision intelligence for businesses and IT. The site highlights its "Atlas" platform, offering business intelligence, customer data platform, and marketing automation tools. It’s geared towards helping companies optimize customer acquisition, operational efficiency, and marketing mix modelling. The website also boasts a list of innovative customers around the world. It’s clear that Sourse Ltd has pivoted, or perhaps diversified, into a high-tech sector.

Financially, Sourse Ltd presents a mixed picture. While current assets increased by 9.5% to £320,000, equity plunged by a staggering 210% to just £10,000. Bank borrowings decreased by 27%, and cash reserves fell 39% to £5,800. Creditors also decreased by 27%, suggesting some improvement in managing debts. 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 stay agile, but the sharp equity drop is concerning. No auditor is mentioned, likely due to the company's exemption as a small entity.

Overall, Sourse Ltd seems to be navigating a transition. While the retail side remains active, the focus appears to be on its AI-driven Atlas platform. The company’s financial health is uncertain, with a significant drop in equity raising questions about its sustainability. It’s a small company, but the shift to a high-tech sector brings both opportunities and challenges.

Registered in England/Wales under the registration number 07516260, with a registered address at M8 9TY, United Kingdom, Manchester, Unit G, 17-23 Broughton Lane.

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