Ilockerz Ltd

Ilockerz Ltd, based in Birmingham, UK, is a small, active company founded 12 years ago. With six employees and £407,165 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company enjoys a perfect 5.0 Google rating from a single review. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with the latest import occurring in December 2024.

The company’s website, iLockerz.com, showcases a range of intelligent locker systems designed for various sectors, including education, logistics, and healthcare. It offers solutions for asset tracking, personal item storage, and secure drop-off/collection—all managed through cloud-based software. The site emphasizes ease of use and customizable options, catering to businesses seeking to streamline operations and enhance security. It's clear that the business is focused on providing solutions for businesses, rather than direct-to-consumer sales.

Financially, Ilockerz Ltd presents a mixed picture. While current assets increased by 52% to £410,000, equity plummeted 500% to £100,000. This suggests a significant drain on retained earnings, possibly due to increased investment or operational losses. Trade debtors have also risen dramatically, increasing by 180% to £380,000—which could indicate delayed customer payments or a shift towards offering more credit. Cash reserves are down 100%, leaving the company with zero cash on hand. Bank borrowings have decreased, and creditors have also declined. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in equity is a cause for concern. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

Overall, Ilockerz Ltd appears to be navigating a period of transition. While its innovative locker systems and strong online presence suggest potential for growth, the financial data indicates a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 08241739, with a registered address at B65 0JY, Birmingham, West Midlands, Unit 3 Station Road, Rowley Regis.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.