Ids Imaging Development Systems Limited

IDS Imaging Development Systems Limited, based in London, UK, is a small, active company founded eight years ago. With five employees and £223,575 in assets, it operates from a virtual address—a detail flagged by the registration of 834 other companies at the same location. The company is led by two directors, though no owners are officially listed. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with recent activity recorded just one month ago. The company operates in the wholesale of electronic and telecommunications equipment and parts industries.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales strategy. Without a functioning website, it’s unclear whether IDS Imaging Development Systems Limited engages in e-commerce or relies solely on wholesale channels.

Financially, the company shows a mixed picture. Current assets have increased by 22%, reaching £220,000, while net assets have also risen by 20% to £190,000. Cash reserves have also improved slightly, rising by 1.7% to £72,000. However, creditors have increased significantly, jumping by 92% to £45,000, suggesting a greater reliance on short-term financing. Bank borrowings have also risen, increasing by 36% to £140,000. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of an auditor is common for small companies, meaning the financial statements are unaudited.

The increase in creditors, while concerning, could be a result of expanding business operations. The company's irregular import activity suggests a fluctuating demand for its products. The absence of owners listed on the records is also a common occurrence, often indicating that directors hold a significant shareholding. Overall, IDS Imaging Development Systems Limited appears to be navigating the challenges of a small business, but the rising debts warrant close monitoring.

Registered in England/Wales under the registration number 10557702, with a registered address at WC2B 5AH, United Kingdom, London, 16 Great Queen Street, Covent Garden.

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