Iberia Skin Brands Ltd

Iberia Skin Brands Ltd, based in Rowley Regis, UK, is a small, active company founded seven years ago in 2018. With three employees and £187,747 in assets, it operates from a real address and is managed by two directors and one owner, Jain Nitin. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity recorded two months ago in May 2022. Iberia Skin Brands Ltd is involved in the wholesale of perfume and cosmetics, the wholesale of pharmaceutical goods, and activities of real estate investment trusts.

The company’s website, while functional, primarily features a bot verification screen, suggesting a limited online presence and potentially relying on offline sales or wholesale channels. It doesn’s really clear what they are doing.

Financially, Iberia Skin Brands Ltd presents a mixed picture. While cash reserves increased significantly by 290% to £32,000, current assets declined by 9.2% to £190,000. Net assets also decreased by 10% to £180,000, and the company’s equity shows a concerning trend, with retained earnings and accumulated losses increasing by 14% to -£160,000. A notable decrease in fixed assets, down 59%, and a reduction in employees from three to one, suggests potential restructuring or cost-cutting measures. Trade debtors increased by 6.9% to £120,000, which could indicate a growing reliance on credit sales. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, so the financial statements are unaudited.

Overall, Iberia Skin Brands Ltd appears to be navigating a period of change. While cash flow has improved, the decline in equity and fixed assets, alongside the reduced workforce, suggests potential challenges. It’s hard to tell if this is a temporary setback or a more fundamental shift in the company’s trajectory.

Registered in England/Wales under the registration number 11213638, with a registered address at B65 8LQ, United Kingdom, Rowley Regis, West Midlands, 76 Wendover Road.

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