SPRINGBANX LIMITED

Executive Summary

Springbanx Limited shows strong short-term liquidity with a robust cash position but a concerning negative net asset position due to significant long-term debt. While currently solvent on a day-to-day basis, the company is financially stretched in the medium term and should focus on restructuring debt and strengthening equity to ensure sustainable growth. Early-stage operational scale and single-person control underscore the need for strategic financial management going forward.

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Who controls this company?

Mahesh Dabasia

Correspondence address
Unit 4, Acre House Sapcote Trading Centre, 374, High Road, London, United Kingdom, NW10 2DH
Date of birth
April 1980
Notified on
2023-09-04
Nationality
British
Country of residence
United Kingdom
Nature of control
Owns more than 75% of the company's shares
Has more than 75% of the voting rights in the company


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