Ik-eco Limited

Eco Ik Ltd from Gateshead UK: a small holding company with an active status, was founded 24 years ago in 2000. Employing 19 people, it holds assets worth £773,017 and operates from a real address. With five directors and one owner, it boasts a respectable Google rating of 4.0 based on six reviews. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with just one month of import activity recorded as of February 2023.

The company operates in the recovery of sorted materials industries. Its status is active. Officially, it has one owner or PSCs, five directors, and nineteen employees. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £773,017.

Looking at the financial data, Eco Ik Ltd’s current assets have seen a significant drop, declining by 36% to £770,000. Net assets have also fallen sharply, decreasing by 33% to £660,000. Bank borrowings have increased, and cash reserves have fallen considerably, suggesting the company is burning through money. However, creditors have decreased by 32%, which could indicate improved debt management. The company’s small size helps it stay agile, but the sharp equity drop raises questions about its long-term financial health. The company is exempt from audit as a small company, so the figures rely on unaudited statements.

Despite these challenges, Eco Ik Ltd's long history and positive Google rating suggest a resilient business. The company’s focus on recovery of sorted materials, coupled with its holding company structure, indicates a potentially diversified portfolio. Whether it can maintain its current trajectory remains to be seen, but its established presence and active status provide a solid foundation.

Registered in England/Wales under the registration number 04021981, with a registered address at NE10 0EX, Gateshead, Tyne And Wear, Aim To Recycle Abbotsford Road, Felling.

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