Imi Loa Limited

Imi Loa Limited, based in Hove, UK, is a small, active company founded eight years ago. It’s a solo-founder operation with one director and employee, holding £42,555 in assets and operating a real address. The company is an e-commerce site and regularly imports clothing and accessories (not knitted or crocheted), with five months of import activity recorded as of December 2023. It operates in the manufacture of other women’s outerwear industries.

The company’s website, Imiloa Collective, showcases a broader mission: supporting artisans and marginalized communities globally. It’s not just about selling goods; it’s about creating economic opportunities and preserving traditional crafts. The site highlights partnerships with designers, retailers, and companies, offering manufacturing services, connecting artisans with buyers, and providing workshops and training. It even has a project, The Movement, focused on cultural interaction and inclusivity. The website also details various initiatives like Soleil Footwear, The Good Shop Repair, and a Chagossian Creative Entrepreneurship Program, demonstrating a commitment to social impact and community development.

Financially, Imi Loa Limited presents a mixed picture. While bank borrowings decreased by 47% to £5,200, cash bank on hand dropped 15% to £27,000. Current assets also decreased by 8.5% to £39,000, and net assets liabilities increased by 120% to £8,400. Creditors decreased by 33% to £18,000, which is a positive sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Corporation tax payable increased by 50% to £3,500, and debtors increased by 4.4% to £5,900. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s equity has increased significantly, with retained earnings accumulating losses rising by 120% to £8,300. This suggests that the business is reinvesting profits back into the company, which could be a good sign for future growth. However, the decrease in cash reserves and the increase in liabilities warrant close monitoring.

Registered in England/Wales under the registration number 10594350, with a registered address at BN3 1AF, United Kingdom, Hove, East Sussex, 30b Western Road.

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