I P House Limited

House Ip Ltd, based in Ilford, UK, is a small, active company established nine years ago. It employs just two people and holds £863,980 in assets. The company operates from a virtual address, registered at 116 Goodmayes Road, which is shared by seventeen other companies. It's managed by one director and one owner, and enjoys a perfect 5.0 Google rating based on eighteen reviews. House Ip Ltd regularly imports furniture, lighting, and prefabricated buildings, with the latest import activity recorded six months ago.

The company’s website is not available, so it's difficult to know exactly what they do. However, the report indicates they operate in the data processing, hosting, and related activities industries. This suggests a business-to-business focus, potentially providing IT services or cloud solutions.

Financially, House Ip Ltd presents a mixed picture. Current assets have increased significantly, jumping 150% to £860,000, which is good news. However, net assets have decreased by 13% to -£2.1 million, a concerning trend. Bank borrowings have also decreased by 32%, but cash reserves have plummeted 93%, leaving just £16,000 on hand. Creditors have slightly decreased, and debtors have increased substantially, which could be a sign of growth but also potential cash flow challenges. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, House Ip Ltd seems to be experiencing a period of rapid growth, but also facing financial pressures. The significant decrease in cash reserves, coupled with negative equity, suggests the company may be burning through money. The increase in debtors could be a result of expanding sales, but it also carries the risk of non-payment. It's likely the company is reinvesting heavily in its operations, but it will need to carefully manage its cash flow to avoid financial difficulties.

Registered in England/Wales under the registration number 09670439, with a registered address at IG3 9UZ, England, Ilford, 116 Goodmayes Road.

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