Iam Finance Limited

Iam Finance Ltd, based in London, UK, is a large company with an active status, having been founded sixteen years ago in 2008. The company employs ten people and holds assets totaling £13,354,340, generating a yearly revenue of £13,104,129. Despite a registered address, it operates from a virtual address, as 115 companies are registered at the same location. The business is managed by one director and one owner, and regularly imports and exports essential oils and perfumes, with 266 months of import activity and 101 months of export activity.

The company’s core business involves wholesale of perfume and cosmetics, wholesale of pharmaceutical goods, wholesale of household goods (other than musical instruments) n.e.c., and wholesale of chemical products industries. While a small website isn’t available to analyze, the company’s financial data paints a mixed picture.

Over the past year, accrued liabilities have decreased significantly, falling by 50%, which is a positive sign. However, depreciation on furniture and fittings has increased by 5.2%, and motor vehicles by 32%, suggesting investments in equipment. Administrative expenses have risen by 19%, and advances to directors have increased dramatically, by 280%, which could be a cause for concern. Cash bank on hand has fallen by a substantial 84%, and net assets have increased by 95%, which is good.

The company’s turnover revenue has increased by 18%, which is a positive trend. However, net losses have deepened, and cash reserves have fallen, indicating that the company may be burning through money. Trade debtors have increased significantly, suggesting potential issues with customer payments.

The company’s financial data suggests that it is facing some challenges, but it is also showing signs of growth. It’s important to monitor the company’s financial performance closely in the coming months to see if it can turn its losses into profits. The company’s auditor is Mehta & Tengra.

Registered in England/Wales under the registration number 06738765, with a registered address at W1T 3AD, United Kingdom, London, 9 Berners Place.

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