Ingoodnic Ltd

Ingoodnic Ltd, based in Neath, UK, is a small holding company with an active status, established fourteen years ago in 2011. Employing five people, the company holds assets totaling £363,978 and operates from a real address at 25a Llandarcy, Neath. Two directors and one owner guide the business, which specializes in importing plastics and plastic products – a regular activity spanning 34 months, with the most recent import in February 2025. They also occasionally export iron or steel products, with just one month of export activity recorded in September 2024.

The company’s website highlights its focus on providing pipework solutions, including pre-insulated pipes and underfloor heating systems, catering to both domestic and commercial projects. They offer design, supply, and installation services, partnering with authorized installers. Recent news includes the appointment of a new Sales Director, Pete Santoro, and participation in the UK AD World Biogas Expo. Their online shop, salesingoodnic.com, provides access to their products, and they offer a blog and downloadable resources.

Financially, Ingoodnic Ltd’s report shows some concerning trends. Current assets decreased by 20% to £360,000, while net assets plummeted 83% to just £32,000 – a significant drop. Bank borrowings increased by 94%, reaching £220,000, and cash reserves surged by an impressive 760%, hitting £77,000. Creditors decreased by 27%, suggesting improved debt management. 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 flexibility, but the sharp decline in equity warrants attention. No auditor is mentioned, so the figures are unaudited.

Overall, Ingoodnic Ltd appears to be navigating a period of change. While their import business remains consistent, the financial data suggests a need for careful management. The company’s focus on specialized pipework solutions and its commitment to quality may help it weather these challenges, but close monitoring of its financial health is crucial.

Registered in England/Wales under the registration number 07507965, with a registered address at SA10 6JY, Wales, Neath, 25a Llandarcy.

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