Ideal Goods Ltd

Ideal Goods Ltd from Bristol UK: small company, active status, founded 2 years ago, £468 assets, real address, 1 director, 1 owner, solo founder, google rating 3.0 based on 4 reviews. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Ahmed Azeem owns and directs the company, which operates in the retail sale via mail order houses or via internet. The company’s Google rating is a little low, but it’s still early days.

The website, Trade Only Interiors, showcases a diverse range of furniture and related services. It’s not a traditional e-commerce site for consumers; instead, it serves as a platform connecting trade buyers with suppliers. Categories range from China and India to the UK and Vietnam, and include sofa styles, furniture auctions, and specialist magazines. The site features new suppliers and factory inspections, suggesting a focus on sourcing and quality control. There's a lot of products to look at, and it’s a bit overwhelming.

Financially, Ideal Goods Ltd is struggling. Current assets have increased to £470, but net assets have plummeted to -£7,000 – a significant downturn. Cash reserves are down 57% to just £49, and bank borrowings have increased dramatically, 380% to £7,500. While creditors have also increased, the most concerning trend is the substantial loss of equity. The company is small, but these numbers suggest it's burning through cash. There's no auditor mentioned, which is typical for a small company, but the unaudited figures paint a worrying picture. It’s clear the company needs to find a way to improve its financial performance, and fast.

Registered in England/Wales under the registration number 14297874, with a registered address at BS8 2AG, England, Bristol, Suite # 311 179 Whiteladies Road, Clifton.

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