Ihybrid Limited

Ihybrid Limited is a small, active company based in Croydon, UK, founded eight years ago in May 2016. With £194,268 in assets and a real registered address, it employs nineteen people and is led by four directors, including solo founder Kalangi Uday Bhaskar. The company regularly imports machinery, boilers, and mechanical appliances, with 31 months of import activity recorded, the latest in November 2024.

The business operates in the software development industries, focusing on both business and domestic solutions. It also has a website, although no details are available.

Financially, Ihybrid Limited shows some concerning trends. While current assets increased by 16% to £190,000, net assets declined by 21% to -£190,000. Bank borrowings decreased by 25% to £110,000, and cash reserves dropped significantly by 84% to just £1,600. Trade debtors increased by 52% to £98,000, which could indicate challenges in collecting payments. The company meets two of the three criteria to be classified as small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), and there's no auditor mentioned, so the figures are unaudited.

The decrease in equity is a significant point of concern, suggesting the company is burning through money. The increase in trade debtors also warrants attention. While the company’s software development focus could be a growth area, the financial numbers suggest it needs to carefully manage its cash flow and debt levels.

Registered in England/Wales under the registration number 10196447, with a registered address at CR0 0XZ, United Kingdom, Croydon, Surrey, Airport House, Purley Way.

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