Squaretrade Limited

SquareTrade Ltd, a holding company based in London, UK, has been active for 15 years, employing 58 people and managing assets worth £38.972 million. The company generated £76.235 million in revenue last year, a significant figure for a business with a virtual address shared by 86 other companies. It's overseen by five directors and one owner, and the Allstate Corporation is the parent company.

The company’s core business involves providing insurance plans, particularly for mobile devices and electronics. The website highlights a focus on award-winning customer service, with options for local, mail-in, or at-home repairs, overnight replacements, and an easy online claims process. SquareTrade emphasizes its 90 years of insurance experience as part of the Allstate Family of companies, catering to both consumers and retailers across Europe and beyond.

However, the financial report reveals some concerning trends. While turnover remained steady at £76.235 million, net assets have fallen by a substantial 23%, dropping to £14.4 million. Bank borrowings increased by 11%, reaching £1.8 million, while cash reserves decreased by 28% to £1.7 million. Creditors also rose by 12% to £24.2 million. The company’s net loss increased by 100%, reaching £3.2 million.

The company imports machinery, boilers, and mechanical appliances parts, with the last import operation taking place 2 months ago. It exports nothing, with the last export operation also taking place 2 months ago. The company’s virtual address and the increase in bank borrowings suggest potential financial pressures, although the high revenue and large asset base indicate a still-viable business. The lack of an auditor mentioned—likely due to its size—means the figures are unaudited.

Registered in England/Wales under the registration number 07165194, with a registered address at EC4R 3TT, United Kingdom, London, C/O Fieldfisher Riverbank House, 2 Swan Lane.

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