Igniteous Ltd

Igniteous Ltd from London UK is a small, active company founded 15 years ago. With just two employees and £75,820 in assets, it operates from a virtual address, managed by a single director and owner, who is also the solo founder. It holds a Google rating of 3.0 based on two reviews.

The company’s operations span retail sales via mail order and internet, alongside business and domestic software development. Its website, while not actively showcasing products, suggests a focus on computer sales and related services. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Igniteous Ltd presents a mixed picture. Current assets decreased by 10% to £76,000, while net assets increased by 34% to £23,000. Bank borrowings decreased by 2.7% to £5,200, and cash reserves fell by 2.1% to £74,000. Trade debtors saw a significant drop, falling 82% to just £1,600, which could indicate improved collections or reduced sales. Creditors, however, increased by 210% to £19,000, suggesting a reliance on short-term financing. The company’s equity, including retained earnings, also increased by 34% to £23,000.

The decrease in average employees from two to one is notable and could reflect cost-cutting measures or a shift in operational strategy. The company’s reliance on a virtual address, shared by eighty-eight other companies, raises questions about its physical presence and operational infrastructure. The unaudited financial statements, prepared using CCH Accounts Production software, are exempt from an audit due to the company's small size. Field Jason is both the director and owner, and the accounts show no mention of an auditor.

Registered in England/Wales under the registration number 06974772, with a registered address at N3 2FG, London, 1st Floor Gallery Court, 28 Arcadia Avenue.

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