Idb Systems Limited

Idb Systems Ltd from Llandudno, UK, is a small, family-run business with an active status, having been founded 14 years ago. Employing just six people, the company holds £116,077 in assets and operates from a real address. With two directors and two owners, it’s a tight-knit operation. The company is an irregular importer of optical and medical tools and devices, with just two months of import activity recorded, and a regular exporter, boasting 16 months of export activity.

The company's website highlights its role as a supplier of reliable technology, serving industries like energy, oil & gas, water, consumer packaged goods, government defense, and telecommunications. It provides field meters, charge decay meters, and other testing equipment, alongside engineering services, product lifecycle management, and long-term support. The site also features testimonials from satisfied customers, praising the company’s helpfulness and quality of service. It’s clear that Idb Systems Ltd focuses on providing specialized equipment and support to a range of industrial clients.

Financially, Idb Systems Ltd presents a mixed picture. Current assets have decreased by 34%, dropping to £120,000, while net assets have plummeted 50%, settling at £110,000. Bank borrowings have significantly increased by 110%, reaching £71,000, and cash reserves have fallen dramatically by 96%, leaving just £110. Creditors have also decreased, which could be a positive sign. 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 for flexibility, but the sharp decline in equity raises concerns. No auditor is mentioned, which is common for small companies exempt from an audit.

Overall, Idb Systems Ltd appears to be facing some financial headwinds, though its focus on specialized equipment and customer support could help it navigate these challenges. The company’s long-standing presence in the market and family-run nature suggest a resilience that could prove valuable in the long run.

Registered in England/Wales under the registration number 07324859, with a registered address at LL30 1DS, Wales, Llandudno, Unit 4/5 Roger Mostyn Court, Builder Street.

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