Ac Innovations Ltd

Ac Innovations Ltd, based in Newcastle Upon Tyne, UK, is a small, active company founded fifteen years ago in 2009. With two employees and £175,843 in assets, it’s a family business led by a single director and two owners. The company operates in the retail sale via mail order houses or via internet industries and is an irregular importer of wood and wood products, with its last import operation made in March 2023. It's registered at a virtual address, shared by nineteen other companies, which suggests a shared service arrangement.

The company’s website, acinnovationsltd.co.uk, is simple and straightforward. It features an "About Us" section, a product listing, a contact form, and a values statement emphasizing honesty, expertise, and quality. The site also mentions a 2011 incorporation date, indicating a long-standing presence in the online retail space. It’s clear the company is focused on delivering products and services online.

Financially, Ac Innovations Ltd shows a mixed picture. Cash bank on hand has increased dramatically by 230%, reaching £150,000, a positive sign of improved liquidity. However, creditors have surged by a staggering 930%, reaching £91,000, which could indicate increased reliance on short-term financing or delayed payments from customers. Net assets have also increased by 12%, reaching £91,000. Despite these changes, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Ac Innovations Ltd appears to be navigating a period of change. The increased cash reserves are encouraging, but the rise in creditors warrants close monitoring. It's a small, family-run business, and while it's doing alright, it’s important to keep an eye on the numbers.

Registered in England/Wales under the registration number 06918347, with a registered address at NE3 3LS, England, Newcastle Upon Tyne, C/O Azets Bulman House Regent Centre, Gosforth.

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