Iggy And Burt Limited

Iggy And Burt Limited is a small, active company based in Bromley, UK, established eight years ago in 2017. With a single employee and £19,771 in assets, it operates from a real address and is led by one director and owner, who is also the solo founder. The company is primarily an irregular importer of clothing and accessories – not knitted or crocheted – with just one month of import activity recorded as of November 2020. Its business involves retail sale via stalls and markets of textiles, clothing and footwear, and retail sale via mail order houses or via internet.

The company’s website, iggyandburt.shop, simply states "Coming soon," suggesting a potential expansion into e-commerce or a rebranding effort. This hints at a desire to modernize and broaden its reach beyond traditional retail channels.

Financially, Iggy And Burt Limited presents a mixed picture. Current assets have decreased by 22%, falling to £20,000, while net current assets and liabilities have increased significantly to -£12,000. Cash bank on hand has plummeted by 97%, leaving just £160. Creditors have risen dramatically by 14%, reaching £32,000, and trade debtors have fallen by 67%, to £610. 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 substantial equity decline suggests potential financial strain. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The sharp decrease in cash reserves and increase in creditors could indicate the company is burning through money faster than it’s bringing it in. Perhaps the “Coming soon” website is a sign of an attempt to secure funding or restructure operations to improve its financial health. It’s also possible that the irregular import activity has impacted cash flow, and the company is struggling to manage its working capital.

Registered in England/Wales under the registration number 10646763, with a registered address at BR1 4PF, England, Bromley, 29 Sandpit Road.

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