I C Innovations Limited

Ic Innovations Ltd, based in Sheffield, UK, is a small, active company founded 20 years ago. Employing eleven people, it holds £1,823,430 in assets and operates from a real address. With two directors and a solo founder, the company has been importing toys, games, and sports equipment for 40 months, and exporting essential oils and perfumes for eight months.

The company's website showcases a diverse range of activities. Ic Innovations acts as a distributor and brand licensor, offering design and development services, and even operates a trade shop. It has offices in Sheffield, Shanghai, and Guangzhou, indicating a global reach. A newsletter signup suggests a focus on customer engagement and promotion of upcoming offers. The site also highlights partnerships with Prototype Creative for responsive web design.

Financially, Ic Innovations Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 100%, while depreciation for property, plant, and equipment rose by 6.9%. However, the number of average employees during the period decreased by 36%, dropping to just seven. Bank borrowings decreased by 3.2%, and cash bank on hand fell by 3.3%. Creditors increased significantly by 47%, while trade debtors rose by 73%. 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 decline in average employees may indicate restructuring or operational changes. The unaudited figures, without an auditor mentioned, rely on director-reported data.

Overall, Ic Innovations Ltd seems to be navigating a period of transition. While its import and export activities continue, the financial data suggests a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 05139849, with a registered address at S4 7WW, Sheffield, South Yorkshire, Albion Works, 10 Attercliffe Road.

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