Ietg Limited

Ietg Limited, based in Burton-On-Trent, UK, is a sizable holding company with an active status, having been incorporated nineteen years ago. Employing sixty-four people and boasting assets of £3,803,620, the company generated a revenue of £6,214,321 in the last reported year. While registered at a virtual address shared by eleven other companies, it’s managed by six directors and has one reported owner. A Google rating of 4.0 based on five reviews suggests a generally positive customer perception. The company regularly imports optical and medical tools and devices, with the last import operation occurring four months ago.

Ietg Limited operates within the other business support service activities n.e.c. industries, providing a range of services to the water industry. It’s a multi-disciplined services business, offering expertise in areas like asbestos management, building control, and environmental monitoring. The company’s website highlights its commitment to creating a safer and sustainable world, emphasizing long-term partnerships and materials. It even provides services for the water industry, including load testing and ground investigation.

Financially, Ietg Limited shows a mixed picture. While turnover increased by a healthy 37%, reaching £6.2 million, net assets only grew slightly to £3.8 million. Cash reserves, however, decreased by 17%, settling at £500,000. Bank borrowings increased significantly, rising by 88%, reaching £260,000. Creditors also increased by 18%, reaching £1.5 million, suggesting a reliance on external financing. The company’s net loss deepened to -£280,000, indicating ongoing financial pressures. The company meets two of the three criteria for being considered a large company, with turnover exceeding £36 million and balance sheet total exceeding £18 million. No auditor is mentioned, which is likely due to its status as a small company.

The increase in bank borrowings and deepening net loss could be attributed to investments in growth or increased operational costs. The virtual address, shared with other companies, is a common practice and doesn’t necessarily indicate anything negative. Overall, Ietg Limited appears to be a stable, albeit financially challenged, business navigating the complexities of the service sector.

Registered in England/Wales under the registration number 05575376, with a registered address at DE15 0YZ, England, Burton-On-Trent, Socotec House Bretby Business Park, Bretby.

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