Iabss Ltd

Iabss Ltd, based in Manchester, UK, is a small, active company founded four years ago in 2020. With a single employee and £123,707 in assets, it’s a solo founder operation led by one director and owner. The company operates in the retail sale via mail order houses or via internet industries. It's an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with just one month of import activity recorded as of December 2022.

The company’s website, IABS Business Services Ltd, offers a range of services including accounting, finance management consulting, and even room services for travellers. It also highlights a unique offering: sponsorship services for skilled staff from Europe and Africa, focusing on sectors like nursing, care work, warehouse, and construction. The site’s diverse offerings, from EU/Africa staff sponsorship to room services, suggest a broader business strategy beyond its core accounting services.

Financially, Iabss Ltd presents a mixed picture. Current assets have decreased by 15% to £120,000, while net assets have increased by 44% to £14,000. Bank borrowings have dramatically reduced by 60%, falling to £48,000, and cash reserves have grown by 61% to £34,000. Creditors have also seen a significant decrease, falling by 19% to £110,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the fluctuating debtor figures—dropping 100%—raise questions about payment collection. As a small company, it's exempt from an audit, so the numbers are unaudited.

Registered in England/Wales under the registration number 12559165, with a registered address at M8 8GQ, Manchester, Greater Manchester, 7-9 Stanley Street.

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