Icw Powermode Limited
- Active
- Large
- 22 years
- 34 employees
- £5,722,693 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Virtual address
- 2 directors
- 1 owner
- Solo founder
- Watford
Two conditions of three:
1.Turnover > £36 million
2.Balance sheet total > £18 million
3.Average number of employees > 250
Field of Operation
Website
Social media
Summary
Icw Powermode Ltd, based in Watford, UK, is a small, active company founded 21 years ago in 2003. With 34 employees and £10,718,581 in assets, it’s a modest operation led by two directors and a solo founder. The company operates from a virtual address, registered with 100 other companies at the same location. It's a bit unusual, but not necessarily a red flag. The company’s core business involves importing electrical machinery and equipment (though only for two months in the past year) and exporting machinery, boilers, and mechanical appliances—also for just two months.
The company’s website is currently unavailable, making it difficult to fully understand its operations beyond the import/export data. It seems to operate in the “other professional, scientific and technical activities n.e.c.” industries.
Financially, Icw Powermode Ltd shows some concerning trends. While current assets increased by a significant 44% to £11 million, this is offset by a dramatic rise in trade debtors—up 77% to £10 million. This suggests the company is struggling to collect payments from its customers, or perhaps is extending credit terms to boost sales. Bank borrowings have also increased, rising by 55% to £56,000. Creditors have more than doubled to £5.2 million, which is a large increase. Cash reserves have plummeted 73% to £450,000, a worrying sign for any business. The company’s net assets increased by 12% to £5.6 million, but the large increase in liabilities is a point of concern.
Despite these challenges, 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 it to remain nimble. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so should be viewed with some caution. The company’s future hinges on its ability to manage its debts and improve cash flow.
Registered in England/Wales under the registration number 04843321, with a registered address at WD18 8YH, England, Watford, Hertfordshire, Suite 7a, Building 6, Croxley Park, Hatters Lane.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 4
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 2 years
-
Resident of United Kingdom
-
Individual
- 22 years
- 5
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Confirmation statement made on 2025-07-23 with updatesDownload 4 pages pdf report
-
Full accounts made up to 2024-03-31Download 24 pages pdf report
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Full accounts made up to 2025-03-31Download 23 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
FAQ about Icw Powermode Limited
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