Immersive Hub Ltd

Immersive Hub Ltd, based in York, UK, is a small, active company founded six years ago. While boasting £979,642 in assets, the company currently has overdue accounts and confirmation statements, a bit of a worry. With twenty employees and a single director and owner, it operates from a virtual address – sixteen companies share the same location, which is unusual. The firm regularly imports electrical machinery and equipment, with seven months of import activity, and exports clothing and accessories made by knitting or crocheting, with three months of export activity. It’s also worth noting that the company operates in the activities of exhibition and fair organisers industries.

The company’s website, ImmersiveHub, showcases a range of services, but doesn't immediately reveal a traditional e-commerce setup. It seems to focus on creating immersive experiences, possibly for events or exhibitions, rather than direct product sales. There's a blog, but it's not regularly updated, suggesting a focus on project-based work rather than ongoing online retail.

Financially, Immersive Hub Ltd presents a mixed picture. While current assets have increased significantly, rising 510% to £980,000, other key indicators show signs of stress. Bank borrowings have increased dramatically, reaching £27,000, and cash reserves have jumped 78% to £95,000. Trade debtors have ballooned by 1,500%, suggesting difficulties in collecting payments, and creditors have also risen sharply, increasing 230% to £450,000. Equity has also seen a massive increase, jumping 2,200% to £530,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the surge in debtors and creditors raises concerns about cash flow. The fact that no auditor is mentioned, likely due to the small company exemption, means the figures are unaudited.

Overall, Immersive Hub Ltd appears to be experiencing a period of rapid growth, but also facing challenges in managing its finances. The significant increase in debtors and creditors suggests that the company may be burning through cash to fuel its expansion, and the lack of an auditor adds a layer of uncertainty to its financial health.

Registered in England/Wales under the registration number 11780973, with a registered address at YO1 8QG, England, York, 18 Blake Street.

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