Impossible Objects Consultancy Ltd

Impossible Objects Consultancy Ltd is a small, active company based in London, UK, founded three years ago in May 2021. With just one employee and £42,527 in assets, it operates from a real address in the Omega Works complex. Two directors and three owners guide the business, which is a irregular importer of clothing and accessories, not knitted or crocheted (2 months imported), and a regular exporter of the same (3 months exported). The company’s website, simply titled “Impossible Objects,” offers minimal information beyond contact details.

The company appears to be involved in the wholesale of clothing and footwear industries, though its website offers little insight into its operations. It's a small company, meeting two of three criteria for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The business is a irregular importer, with its top import category being Clothing and accessories, not knitted or crocheted, totaling 2 months of imports. The company is a regular exporter, with its top export categories including Clothing and accessories, not knitted or crocheted, totaling 3 of months exports.

Financially, Impossible Objects Consultancy Ltd presents a mixed picture. Cash bank on hand has fallen significantly by 56%, dropping to £11,000, while creditors have risen dramatically by 140%, reaching £35,000. Current assets have increased by 21% to £43,000, but trade debtors have surged by 790%, now standing at £21,000. Equity has also taken a hit, with retained earnings and accumulated losses declining by 63%, leaving total equity at just £7,600. The company’s small size and lack of auditor (likely exempt as a small company) mean the figures are based on unaudited statements.

Overall, Impossible Objects Consultancy Ltd seems to be facing challenges. While current assets are up, the significant increase in debtors and the decline in equity suggest the company may be struggling to manage its cash flow. It’s possible that the company is investing in inventory or expanding its operations, but the sharp decline in cash reserves raises concerns. The company’s reliance on a single employee also highlights its vulnerability to staffing issues.

Registered in England/Wales under the registration number 13421139, with a registered address at E3 2GY, England, London, Unit 136 Omega Works Chimney Parade, 4 Roach Road.

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