Igenio Ltd

Igenio Ltd, based in Nelson, UK, is a small, active company founded 10 years ago. Despite its status, the business is facing some challenges, with accounts overdue for a year and confirmation statements outstanding for two years. The company employs just two people and holds £21,139 in assets, operating from a virtual address shared by numerous other businesses. It’s a solo-founded operation managed by a single director and owner.

The website reveals a different story than the financial data suggests. Igenio Ltd specializes in residential and commercial building inspections and troubleshooting, offering services ranging from whole-house inspections to engineering solutions and light construction repairs. They boast expertise in site layout, structural modifications, drainage systems, and even offer phone and video consultations. The site emphasizes unbiased answers and a network of local contractors and architects, aiming to provide comprehensive solutions for building-related issues.

However, the financial picture is concerning. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), its equity has plummeted by a staggering 800% to -£46,000. Bank borrowings have increased, and cash reserves are dwindling. Creditors have decreased, which is a positive sign, but the overall trend points towards financial strain. The company’s net current assets and liabilities have increased, indicating a need for improved cash flow management. No auditor is mentioned, which is typical for small, exempt companies.

It's clear that Igenio Ltd is struggling to maintain financial health, despite its expertise and service offerings. Whether the company can turn things around remains to be seen, but the current trajectory suggests a difficult road ahead.

Registered in England/Wales under the registration number 09313197, with a registered address at BB9 9XY, Nelson, Lancashire, Charter House, Stansfield Street.

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