Illy Trade Ltd

Illy Trade Ltd is a small, active company based in Bolton, UK, founded three years ago in 2022. It holds just £100 in assets and operates with a single director and owner – a solo founder. The company’s status is active, and it has a real registered address. Illy Trade Ltd is an irregular importer, primarily dealing in vehicles, parts, and accessories (excluding trains and trams), with just two months of import activity recorded, the last in December 2023. The business operates in the retail sale via mail order houses or via internet industries.

The company’s website, ILLY Systems, focuses on IT systems for the public and voluntary sector, specializing in substance misuse support. It offers various products and services, including case management software (CarePath) and digital interventions. The site highlights partnerships with organizations like PHE and Local Authorities, and recent news focuses on addressing challenges like knife crime and vaping among young people. It’s a busy site with a lot going on.

Financially, Illy Trade Ltd presents a concerning picture. Net assets plummeted by a staggering 250% to -£150, while cash reserves also fell by 250% to -£150. Creditors increased significantly, reaching £250, and bank borrowings are at £250. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's exempt from an audit, so the figures are unaudited. The sharp decline in equity and the negative net assets suggest the company is burning through cash and facing financial difficulties. It’s likely the company is struggling to turn a profit, and the increase in creditors indicates potential issues with managing short-term liabilities. The company's director, Mr. Iliasse Harda, is responsible for the accounts.

Registered in England/Wales under the registration number 14019749, with a registered address at BL1 8RR, England, Bolton, 95 Ashworth Lane.

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