Virtuslab Ltd

Virtuslab Ltd, a holding company based in London, UK, is a nine-year-old business with an active status. Employing four people and holding assets of £602,311, the company operates from a real address in Canary Wharf. It’s managed by three directors and one owner, with Aq Sphere Midco Ltd as the ultimate parent.

Virtuslab’s core business revolves around providing expert software engineering and consultancy services. Their website highlights a broad range of expertise, from developer experience and machine learning engineering to Scala consulting and cloud-native solutions. They cater to various industries, including retail, insurance, fintech, and logistics, offering services like code optimization, model scalability, and reactive app modernization. They even provide Strapi CMS extensions expertise. The site emphasizes a commitment to innovation, community engagement, and strategic partnerships.

Financially, Virtuslab Ltd’s report shows a mixed picture. While bank borrowings surged by a staggering 6000%, reaching £7.2 million, cash and cash equivalents plunged 320%, ending at a negative £980,000. Net finance income costs also decreased by 60%, to £3,700. On a brighter note, creditors decreased by 19%, suggesting better debt management. The company’s net loss deepened significantly, from £87,000 to -£160,000. Staff costs decreased by 7.3%, to £4.2 million.

The report doesn’t mention an auditor, likely due to the company’s size. The sharp increase in bank borrowings, combined with the decrease in cash reserves, suggests Virtuslab may be investing heavily in growth or facing financial pressures. However, the company’s focus on high-value services and its strong industry partnerships could position it for long-term success. It's a bit unclear how the company is managing its finances.

Registered in England/Wales under the registration number 09793578, with a registered address at E14 5NR, United Kingdom, London, Level 18 40 Bank Street (Hq3), Canary Wharf.

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