Speedwell Software Limited

Speedwell Software Ltd, based in St Ives, UK, is a small, active company founded thirteen years ago in 2011. With eight employees and £688,168 in assets, it operates from a real address and is managed by three directors, although there are no officially listed owners. The company regularly imports machinery, boilers, and mechanical appliances parts—a consistent activity spanning nine months, with the latest import in March 2023—and exports similar items for four months, with the last export in July 2023.

Speedwell Software specializes in software development for business and domestic use, offering online exam software through its eSystem platform. The website details a flexible system for creating and delivering secure exams, supporting various question formats like multiple choice, OSCEs, and even paper-based assessments. It caters to awarding bodies, financial services, and life sciences sectors, with a focus on question banking, remote exams, and data analysis. The company even offers support services, design, printing, and optical mark recognition (OMR) scanning.

Financially, Speedwell Software shows a mixed picture. While cash reserves increased by a healthy 33% to £530,000, net assets only rose slightly to £190,000. Bank borrowings were reduced by 46% to £12,000, which is a positive sign. However, trade debtors increased by 9.1% to £160,000, and creditors rose by 26% to £490,000—a potentially concerning trend. The company’s small size—meeting two of three conditions to be classified as small—helps it remain agile. The accounts are unaudited, which is common for small companies.

The increase in creditors suggests the company may be relying on short-term financing, and the rise in debtors could indicate challenges in collecting payments. The company’s focus on software development and online exam solutions seems to be working, but the financial data indicates a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 07759319, with a registered address at PE27 4AA, England, St Ives, Cambridgeshire, Si One 2nd Floor West, Parsons Green.

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