Icn London Ltd

Icn London Ltd, based in Mayfair, UK, is a small, active company founded six years ago in 2018. With just two employees and £68,865 in assets, it’s a solo founder operation managed by one director and owner. The company operates from a real address and has a mixed import/export profile. It’s an irregular importer of electrical machinery and equipment (just one month of imports recorded in 2022) and a regular exporter of furniture, lighting, and prefabricated buildings (nine months of exports, last recorded in June 2022).

The company’s core business appears to be architectural activities, and it’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The website, IconLondon Clothing, showcases a range of clothing, including t-shirts, joggers, and jeans, catering to both men and women. It’s an e-commerce business, offering free UK shipping over £50 and international shipping options. The site has a clean design and features customer reviews, highlighting its focus on quality and customer satisfaction. It also has a VIP section for loyal customers.

Financially, Icn London Ltd’s recent performance shows some concerning trends. Cash bank on hand dropped significantly by 56%, falling to £40,000. Bank borrowings also increased, with overdrafts remaining steady but non-financial instruments decreasing by 43%. Creditors decreased by 62%, which is a positive sign, but current assets also dropped by 48% to £69,000. Trade debtors decreased by 30%, suggesting better debt management. The company’s equity increased by 27%, which is good, but the drop in current assets and cash reserves suggests it might be burning through money. It’s worth noting that the company is exempt from an audit, so the figures are unaudited.

The company’s sole director, Sartor Olivier Patrick Remy, is also its owner, and he’s responsible for signing the financial statements. The company uses CCH software for production, and the accounts are prepared in accordance with FRS 102. While the website looks professional and the company seems to be actively selling clothing, the financial data raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 11441656, with a registered address at W1S 1BN, England, Mayfair, Regus, 17 Hanover Square.

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