Ideal Trade Services Ltd

Ideal Trade Services Ltd is a small, active company based in London, UK, founded seven years ago in February 18, 2018. With just one employee and £3,841 in assets, it operates an e-commerce site specializing in the retail of furniture, lighting, and similar items. The business, registered at a real address shared by only two other companies, is led by a single director and owner, Yilmaz Mehmet Tahsin.

The company's website, Speedy Hire, is a major player in the tool and equipment hire industry. It offers a vast range of products and services, from power tools and access equipment to training courses and fuel solutions. The site caters to both trade and DIY customers, with options for instant quotes, click-and-collect, and delivery. Speedy Hire’s online presence is extensive, featuring blogs, advice articles, and a dedicated media centre.

Financially, Ideal Trade Services Ltd appears to be experiencing some challenges. Current assets have decreased by 28% to £3,800, and net assets have fallen by 51% to £200. Cash reserves have also declined significantly, dropping 43% to £1,100. Creditors have reduced, but bank borrowings have increased, and there’s a notable drop in retained earnings. The company's small size—meeting two of three criteria for a small business—helps it remain flexible, but the decline in equity suggests potential financial strain. No auditor is mentioned, which is common for small, exempt companies. The unaudited nature of the report means the figures are self-reported, and while the business appears active online, the financial data raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 11218261, with a registered address at E17 5JR, England, London, 355 Forest Road.

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