Ibbidirect Limited

Ibbidirect Limited is a small, active company based in Hexham, UK, founded ten years ago in 2015. With £139,367 in assets and a real registered address, it’s a family-run operation with three directors and three owners. The company operates an e-commerce site selling a variety of goods, including bone inlay collections, textiles, and home décor items. It’s a regular importer, bringing in textile products, sets, used clothing, and rags—with 16 months of import activity recorded, the latest in November 2024.

The company's website, ibbi, showcases a wide range of products, from bone inlay boxes and Indian paintings to rugs, throws, and vintage furniture. It seems to cater to a market interested in unique, handcrafted items with an Indian aesthetic. The site also highlights a commitment to quality and customer service, offering free shipping on orders over a certain amount and a dedicated customer support team.

Financially, Ibbidirect Limited presents a mixed picture. While current assets increased by 8.5% to £140,000, net assets decreased by 8.6% to £47,000. Bank borrowings decreased by 16%, which is a positive sign, but cash reserves dropped by 27% to £14,000. Trade debtors increased by 25%, suggesting potential delays in customer payments, and creditors increased by 43%, which could indicate increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity warrants closer attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Ibbidirect Limited appears to be navigating a challenging environment, balancing growth with financial stability. Its unique product offering and commitment to customer service position it well in the competitive e-commerce landscape, but careful management of its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 09499687, with a registered address at NE46 4SN, United Kingdom, Hexham, Northumberland, Low Warden House, Low Warden.

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