Iaq Limited

IAQ Limited, based in Caernarfon, UK, is a small, active company established 21 years ago. With ten employees and £590,138 in assets, it operates from a real address on the Cibyn Industrial Estate. The company, managed by three directors and two owners, holds a respectable Google rating of 4.0 based on three reviews. IAQ Limited specializes in importing basic metal tools and utensils, though its import activity is irregular, with just one month of imports recorded as of January 2023. The company is described as operating in the machining industries.

IAQ Limited’s website is not available for review.

Financially, IAQ Limited presents a mixed picture. Current assets have increased by a significant 42%, reaching £590,000, while net current assets have risen by 58% to £430,000. Cash reserves have seen a substantial boost, increasing by 89% to £470,000. However, trade debtors have decreased by 34%, suggesting potential difficulties in collecting payments, and creditors have risen by 12%. The company’s equity has also increased by 42% to £560,000. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, relying on unaudited statements.

The increase in cash reserves is a positive sign, but the decline in trade debtors warrants attention. The company’s financial health appears stable, though it’s likely facing typical challenges for a small business.

Registered in England/Wales under the registration number 05112523, with a registered address at LL55 2BD, Wales, Caernarfon, Gwynedd, Unit 34 Cibyn Industrial Estate.

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