Ibo Connect Ltd

IBConnect Ltd is a small, active company based in London, UK, founded six years ago in 2018. Employing just one person and boasting a real registered address, it’s a lean operation managed by a single director and owner. The company’s status is active, and it’s registered at 54 Jeremy’s Green, Edmonton, a location shared by just one other business, suggesting a genuine address. It operates in a trio of industries: non-specialised wholesale trade, other food services, and other telecommunications activities.

The company’s website, IBConnect, focuses on integrating connectivity solutions for furniture and spaces, particularly within the pCon community. It’s been updated to include a new catalog and highlights awards and recognition. Key products include Divus (multifunctional 80mm diameter), Bit (compact 30mm diameter), and USB chargers (up to 60W). The site also showcases electrification solutions for ceilings, walls, and floors, and case studies from clients in Madrid, Zaragoza, Paris, and Salamanca. They’re currently participating in the Workspace Expo 2025 in Paris.

Financially, IBConnect Ltd’s picture is a little concerning. While meeting the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity has remained at a negative -£12,000 for the past year. Net assets and current assets are also at -£12,000. Bank borrowings are steady, but cash reserves are low. Creditors have also remained steady. The company’s accounts are abridged and unaudited, and no auditor is mentioned, likely due to its small size. The company's accounts are prepared under FRS 102.

While the website suggests a focus on innovation and design, the financials reveal a company struggling to generate positive equity. The irregular import activity (Drinks, Alcohol, and Vinegar, just one month of imports back in 2022) doesn's seem to be contributing significantly to profitability. It’s possible that the company is reinvesting heavily in product development or marketing, but the lack of positive equity raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 11483310, with a registered address at N18 2NB, United Kingdom, London, 54 Jeremy's Green, Edmonton.

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