Imperium Drive Ltd

Imperium Drive Ltd is a small, active company registered in London, UK, founded five years ago in July 2019. The company, which employs nine people, holds £93,642 in assets and operates from a virtual address – a fact highlighted by the presence of 8,925 other companies registered at the same location. It’s managed by four directors and has three owners, though the list of owners hasn't changed since the company's inception.

The company’s business model is somewhat unusual, functioning as both an importer and exporter with irregular activity. It imports optical and medical tools and devices, with the last import operation occurring in December 2022, and exports electrical machinery and equipment, with the last export operation in May 2023. Imperium Drive Ltd operates in the wireless telecommunications activities and business and domestic software development industries.

Financially, Imperium Drive Ltd shows some concerning trends. Current assets have decreased by 39%, falling to £94,000, while net assets have plummeted 19%, now standing at -£580,000. Bank borrowings have decreased by 48%, but cash reserves have increased by a substantial 240%, reaching £79,000. Trade debtors have fallen dramatically, decreasing by 89%, and creditors have also decreased by 48%. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, likely due to the company’s small size and exemption from an audit.

The significant drop in equity suggests Imperium Drive Ltd is burning through cash, despite the increase in cash reserves. It’s possible the company is investing heavily in its business, but the trend warrants close monitoring. The irregular import and export activity, combined with the virtual address, adds a layer of complexity to the company’s operations.

Registered in England/Wales under the registration number 12111882, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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