Ifix Expert Ltd

Ifix Expert Ltd is a small, active company based in Glasgow, UK, founded eight years ago. It's a solo venture employing just one person and holding £12,263 in assets. With a real address and a single director and owner – Arshad Mehmood – the company operates in the retail sale via mail order and internet, alongside the repair of communication equipment.

The company’s website, ifixcentre.co.uk, highlights its services in iPhone, iPad, and laptop repair, alongside data recovery and electronic recycling. It also provides onsite support for small businesses and offers a range of accessories and replacement parts. The site’s focus is clearly on providing fast and efficient repair services, with a commitment to responsible disposal of electronic waste.

Financially, Ifix Expert Ltd shows a mixed picture. While cash bank on hand increased by 11% to £8,700, current assets declined by 5.6% to £12,000. Finished goods dropped significantly by 31% to £3,600, and net losses deepened to -£1,700. Trade debtors increased by 11% to £1,700, suggesting a need to improve collection rates. Despite these challenges, equity rose by 12% to £5,000, indicating a positive trend in retained earnings. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in finished goods warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Ifix Expert Ltd appears to be navigating the challenges of a small business, focusing on specialized repair services and aiming for sustainability through recycling initiatives. It's clear that the company is trying to keep its head above water, but the financial data suggests it's a bit tight.

Registered in Scotland under the registration number SC536079, with a registered address at G42 8NN, United Kingdom, Glasgow, C/O Global Accountancy Practice Ltd, 10 Allison Street.

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