Idac Interiors Limited

IDAC Interiors Ltd from London UK: a small, active company founded ten years ago, employs three people, and holds £2,140,600 in assets. It has a real address and is managed by two directors and two owners, boasting a perfect 5.0 Google rating based on one review. The company is an irregular importer of wood and wood products, with recent activity in July 2024.

The company’s website, idacltd.com, highlights its commitment to “blueprinting innovation” and “constructing excellence.” It’s currently participating in the Consumer Code for New Homes (CCNH), a scheme designed to protect new home buyers, and is actively collaborating with warranty providers. The site focuses on domestic building construction, showcasing ongoing and completed projects. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financial data reveals a mixed picture. While current assets increased by 57% to £2.1 million, net assets significantly decreased by 49% to £230,000. Bank borrowings increased by a substantial 40% to £260,000, while cash reserves jumped 350% to £50,000. Creditors, however, rose dramatically by 120% to £1.9 million. The company’s small size allows for agility, but the decline in equity suggests potential financial pressure. There’s no auditor mentioned, likely due to the company’s exemption as a small entity. It's possible that the increase in creditors is related to the company’s involvement in construction projects, where payments are often staged.

Registered in England/Wales under the registration number 09095650, with a registered address at SW6 6BA, London, 244 Munster Road.

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