Ibanes Sport Limited

Ibanes Sport Limited, based in St. Leonards-On-Sea, UK, is a small, holding company with an active status. Founded six years ago in 2019, the company holds £15,201 in assets and operates from a virtual address, registered with 133 other companies. It’s managed by one director and one owner, and enjoys a perfect 5.0 Google rating based on ten reviews. The company is an irregular importer, bringing in clothing and accessories, not knitted or crocheted, for just two months, with the last import operation occurring in September 2021.

The company's website is not available, so it's difficult to know exactly what they do. However, the company description suggests they operate in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles industries. It's likely they are selling products online, but there’s no evidence to confirm an e-commerce presence.

Financially, Ibanes Sport Limited is showing some concerning trends. While cash reserves increased by a significant 1700% to £200, net assets decreased by 91% to -£5,000. Creditors have also decreased, but the substantial loss and dwindling equity suggest the company is burning through money. Trade debtors have remained stable, but finished goods for resale have fallen by 40% to -£15,000. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which means it’s exempt from an audit, and the financial statements are unaudited. The accounts status is audit exempt with accountants report.

Overall, Ibanes Sport Limited is facing financial challenges, despite its positive Google rating. The company’s small size and virtual address, combined with the lack of an active website, raise questions about its long-term viability.

Registered in England/Wales under the registration number 11751682, with a registered address at TN37 7DG, England, St. Leonards-On-Sea, East Sussex, 2-6 Sedlescombe Road North.

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