Iconic Trade Ltd

Iconic Trade Ltd is a small, active company based in London, UK, founded three years ago in January 2022. It operates with a virtual address, a single director, and one owner who is also the solo founder. The company holds just £2,941 in assets and employs only one person. It’s primarily engaged in retail sales through mail order and internet channels.

The company's website, Iconic Group, paints a broader picture. Established in Erbil, Iraq, in 2009, Iconic Group has evolved into a comprehensive supply chain solutions provider with global operations. Beyond logistics, it offers general trading and construction services, catering to diverse business sectors. The website highlights the company’s expertise in Iraq, emphasizing its capacity to provide operations and services from anywhere globally. It also showcases a construction division specializing in high-quality projects and a general trading branch offering a wide range of materials.

Financially, Iconic Trade Ltd’s recent performance raises some concerns. Current assets have dramatically fallen by 87%, dropping to just £2,900, while net assets have plummeted 6,000%, resulting in a negative balance of -£16,000. Cash reserves have also vanished, decreasing by 100% to zero. On the brighter side, trade debtors have increased significantly by 290%, and creditors have decreased by 16%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial equity decline and lack of cash reserves are worrying. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Iconic Trade Ltd appears to be struggling financially, burning through its limited resources. While the parent company, Iconic Group, demonstrates a broader and more established presence, the performance of this smaller subsidiary warrants close attention.

Registered in England/Wales under the registration number 13824703, with a registered address at EC1V 2NX, England, London, 124 City Road.

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