Ibanoglu Limited

Ibanoglu Limited is a small, active company based in Cambridge, UK, founded four years ago in May 2020. With a single employee and a real address, it’s a solo-founder operation led by a director and owner. The company operates in a variety of sectors, including agents specializing in the sale of other particular products, retail via mail order houses or via internet, business and domestic software development, and specialised design activities. It’s also an irregular importer, with its top import category being Prepared or preserved plant-based foods, totaling just one month of imports as of January 2021.

The company’s website, balolu Seramik, reveals a broader range of activities. It’s not just about PPE; it’s a diversified business involved in the wholesale and brokerage of ceramic and chemical products, as well as operating a bakery and a wholesale food market. The website details a history stretching back to 1965, starting with a small bakery serving the military and expanding to include a larger bakery, a market, and eventually a ceramic and chemical supply business. It even operates two bakeries – one industrial and one regional – and a retail market, alongside its ceramic supply arm, balolu Seramik.

Financially, Ibanoglu Limited shows a mixed picture. Cash reserves have increased significantly, jumping 77% to £11,000, and net assets have seen a massive 490% increase to £8,100. However, average number of employees has dropped 100% to zero, which could be a temporary situation. Creditors have decreased by a significant 95%, suggesting improved debt management. Property, plant, and equipment have increased by 23%, indicating investment in the business. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in employees is something to keep an eye on. As a small company, it's exempt from an audit, so the figures rely on unaudited statements.

In short, Ibanoglu Limited appears to be financially stable, with growing assets and improved debt management. However, the sudden drop in employees and the diversified nature of its operations—ranging from bakeries to ceramics to software development—suggests a company still finding its footing and adapting to changing market conditions.

Registered in England/Wales under the registration number 12616105, with a registered address at CB25 9EQ, England, Cambridge, 16 Howlett Way, Bottisham.

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