Ideal Form Limited

Ideal Form Ltd, based in Londonderry, UK, is a small, active company established 36 years ago. With six employees and £2,742,151 in assets, it operates from a real address and is overseen by three directors and one owner. Google users have given it a perfect 5.0 rating based on a single review. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just one month ago.

Ideal Form Ltd’s core business lies in providing specialised construction activities, though specifics are limited. The company’s website is non-existent, so it's difficult to determine if it engages in e-commerce or focuses solely on business-to-business operations.

Financially, Ideal Form Ltd presents a mixed picture. While current assets have decreased by 8.6% to £2,700,000, bank borrowings have increased by 25% to £100,000. Cash reserves have also taken a hit, dropping 18% to £930,000. Creditors have increased significantly, rising 130% to £380,000. Despite these challenges, the company’s net assets have risen 68% to £2,300,000. The company qualifies as a small business, meeting two of three criteria: turnover below £10.2 million, assets below £5.1 million, and fewer than 50 employees. The accounts are unaudited, a common occurrence for small companies.

The company’s financial trends suggest it’s facing some pressures, though its substantial asset base provides a buffer. The rise in creditors could indicate increased reliance on short-term financing, and the decrease in cash reserves warrants monitoring. The company's single owner, Ryan Okane, appears to be at the helm, alongside Liam and Dominic Okane as directors.

Registered in Northern Ireland under the registration number NI022570, with a registered address at BT47 4SE, Londonderry, 40 Curragh Road, Dungiven.

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