Ico Products Ltd

Ico Products Ltd, based in Bristol, UK, is a small, active company established six years ago. Employing seven people, it holds £1,137,248 in assets and operates from a virtual address – a point of note as thirty-seven companies share the same location. With two directors and two owners, the company is a regular importer of machinery, boilers, and mechanical appliances; parts, with its last import operation occurring in February 2024.

The company’s website highlights its focus on fire suppression solutions for homes and residential properties, offering high-pressure water mist systems, sprinkler monitoring panels, and flow controllers. It also features a separate division specializing in piano restoration, a venture with a long history and a prestigious clientele, even boasting a presence in Harrods. The website’s design is clean and modern, with a focus on product information and customer support.

Financially, Ico Products Ltd presents a mixed picture. Current assets increased by 15% to £1,100,000, while net assets grew by 19% to £890,000 – a positive trend. Bank borrowings decreased by 35% to £18,000, and cash reserves saw a significant jump of 90% to £510,000. However, trade creditors increased by 34% to £170,000, and debtors decreased by 11% to £42,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in creditors could indicate growing operational expenses. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Ico Products Ltd seems to be financially stable, with growing assets and healthy cash reserves. The company’s dual focus on fire suppression and piano restoration suggests a diversified business model, though the long-term success of both ventures remains to be seen.

Registered in England/Wales under the registration number 11474958, with a registered address at BS1 5HX, United Kingdom, Bristol, Park House, 10 Park Street.

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