Ib Contractors Limited

Ib Contractors Limited, based in Cardiff, UK, is a small, active company established twelve years ago. With six employees and a 5.0 Google rating from nine reviews, it's a well-regarded local contractor. The company, led by a single director and owner, Khan Idris, operates from a real address shared by four other businesses. It's a regular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with recent activity recorded in October 2024.

Ib Contractors focuses on the construction of domestic buildings, offering a range of services from building maintenance to construction management. Its website highlights a commitment to precision, punctuality, and professionalism, showcasing recent work and emphasizing in-house design teams. The company also has a separate venture, Ib Windows Ltd, indicating a diversified portfolio.

Financially, Ib Contractors Limited presents a mixed picture. While net assets increased by 34% to £400,000, suggesting growth, cash reserves completely vanished, dropping 100% to zero. Bank borrowings decreased by 14%, indicating better debt management, but trade debtors increased by 20%, which could signal delayed customer payments. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the sudden cash depletion warrants attention. The lack of an auditor mentioned suggests exemption as a small company, relying on unaudited statements. The decrease in average employees from six to four could be a result of restructuring or project-based hiring. It’s possible the company is reinvesting heavily in growth, but the lack of cash reserves is a potential concern.

Registered in England/Wales under the registration number 08474690, with a registered address at CF11 8AB, Wales, Cardiff, C/O Ibargain Store, Sloper Road.

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