Importec Ltd

Importec Ltd is a small, active company based in Folkestone, UK, founded ten years ago in 2014. It employs just one person and holds £7,705 in assets. With a real registered address and two directors, including Bell Malcolm James, the company operates as an irregular importer, specializing in furniture, lighting, and prefabricated buildings – with just one month of import activity recorded as of June 2023.

The company’s website, importec.co.uk, showcases a range of services, including bespoke furniture production and micromarket solutions. It emphasizes innovative thinking and sustainable practices, catering to international clients with a focus on high-end quality and competitive pricing. The site highlights a global reach and a commitment to customer satisfaction, offering everything from standard units to fully customized designs.

Financially, Importec Ltd presents a mixed picture. While current assets have increased by 65% to £7,705, net assets remain negative at -£6,000 – a significant loss compared to the previous year. Bank overdrafts decreased slightly to £13,000, and creditors also fell by 18% to £14,000, suggesting improved debt management. However, retained earnings and accumulated losses continue to weigh heavily on the balance sheet. 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 negative equity raises concerns. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The company’s reliance on irregular imports and a small customer base could make it vulnerable to market fluctuations. However, its focus on bespoke solutions and competitive pricing may provide a buffer against these challenges.

Registered in England/Wales under the registration number 09089409, with a registered address at CT19 4AQ, Folkestone, Kent, 86 Surrenden Road.

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