Sysnet Technologies Ltd

Sysnet Technologies Ltd from Coventry UK: a small, active company founded ten years ago, employs one person, and holds £189,418 in assets. It’s a solo venture led by a single director and owner. Regular importer of glass and glassware (7 months imported).

The company operates in the retail sale via mail order houses or via internet, and offers information technology consultancy services. Its website highlights a range of services, including software development, IT support, and user support. A key element of Sysnet’s portfolio is Snagmaster, a project productivity solution for the construction industry, boasting over 2000 projects supported. They also operate STOR, a shopper tracking system for retail outlets, and provide technical support for Domino systems.

Financially, Sysnet Technologies Ltd presents a mixed picture. While cash bank on hand increased by 28%, rising to £35,000, bank borrowings decreased by 8.2%, settling at £27,000. Creditors also decreased, falling by 8.2% to £27,000, and other creditors decreased by 56% to £8,000. However, debtors plummeted by 79%, leaving just £540, and taxation social security payable increased significantly by 290%, reaching £59,000. The company's small size (meeting two of three conditions for a small company) allows for flexibility, but the decrease in equity is a concern. The accounts are unaudited, which is common for small companies.

It appears Sysnet Technologies Ltd is navigating a period of change, with a focus on its Snagmaster software and Domino technical services. Whether this shift will translate into improved financial performance remains to be seen.

Registered in England/Wales under the registration number 09051880, with a registered address at CV1 4JT, England, Coventry, 6 Brooklyn Road.

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