Iba Properties Ltd.

Iba Properties Ltd is a small, active company registered in Bolton, UK, founded six years ago in 2019. It has a real registered address and employs three directors and three owners, although the owner list may not be exhaustive. The company is currently three months overdue on its confirmation statement. It regularly imports paper and paperboard products, with the last import operation recorded in May 2023.

The company’s website describes it as operating in the buying and selling of own real estate industries. It's not immediately clear if this is a primary focus or a secondary venture, but the site suggests a focus on property investment and management. The website is simple and doesn's offer e-commerce functionality.

Financially, Iba Properties Ltd presents a mixed picture. Cash reserves have surged by a remarkable 1700%, reaching £39,000, a positive sign. However, net assets remain in negative territory at -£2,000, and creditors have increased by 8%, reaching £330,000. Loans from directors also rose by 8%, mirroring the creditor increase. Despite these challenges, net current assets have increased significantly, by 2000%, reaching £37,000. 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. There is no auditor mentioned, likely due to the company's small size and exemption from an audit. The accounts are described as "filleted" and unaudited.

The substantial increase in cash reserves suggests a recent influx of capital, possibly through a loan or investment. However, the continued reliance on director loans and the negative equity position indicate that the company is still navigating financial pressures. The increase in creditors suggests a need to manage payment terms carefully. It's possible that the company is investing in property or expanding its operations, which could explain the increased borrowing and spending.

Registered in England/Wales under the registration number 11768061, with a registered address at BL3 3EZ, England, Bolton, 126 Freshfield Avenue.

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