Inagas Limited

Inagas Limited, based in Bovingdon, UK, is a small, active company established 34 years ago in 1991. With four employees and £111,735 in assets, it operates from a real address and is overseen by five directors and one owner. The company runs an e-commerce site and regularly imports and exports optical and medical tools and devices – 6 months of imports and 82 months of exports recorded.

The company’s core business appears to be non-specialised wholesale trade, operating within a niche market. While the exact nature of the wholesale trade isn's entirely clear, the focus on optical and medical tools suggests a B2B model catering to healthcare professionals or distributors. The presence of an e-commerce site indicates a direct-to-customer element as well, potentially supplementing wholesale sales.

Financially, Inagas Limited's recent performance shows some concerning trends. Current assets have decreased by 31%, dropping to £110,000, while net assets have plummeted 140%, resulting in a negative equity of -£18,000. Bank borrowings have increased significantly by 72%, reaching £17,000, and cash reserves have fallen 53%, leaving only £25,000. Creditors have decreased slightly by 21%, which could indicate improved debt management. The company qualifies as a small entity, meeting two of the three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), and therefore, the financial statements are unaudited.

The sharp decline in equity is a significant red flag, suggesting the company may be burning through cash or facing increased expenses. The rise in bank borrowings further reinforces this concern. While the company’s long-standing presence and regular import/export activity suggest a degree of stability, the recent financial trends warrant close monitoring. The lack of an auditor mentioned reinforces the need for careful internal financial controls.

Registered in England/Wales under the registration number 02603233, with a registered address at HP3 0NA, Bovingdon, Hemel Hempstead. Herts., Holly End House, Water Lane.

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