Initia 360 Ltd

Initia 360 Ltd from Sutton Coldfield, UK, is a small, active company founded seven years ago. With two employees and £226,668 in assets, it operates from a virtual address, a bit unusual as thirty-seven companies share the same location. The business is led by one director and owner, Twigg Gavin, who also acts as the solo founder. It's a regular importer, primarily bringing in basic metal tools and utensils—a consistent flow of imports spanning thirteen months, with the latest in July 2024. The company’s primary activity involves retail sales through mail order and online platforms.

While the website itself is absent, the company’s profile suggests a focus on e-commerce. It’s likely that Initia 360 Ltd operates through an online store, selling its imported tools and utensils directly to consumers. Without a website, it’s difficult to ascertain the scale of its online presence or its marketing strategies.

Financially, Initia 360 Ltd presents a mixed picture. While bank borrowings have decreased slightly, cash reserves have seen a significant jump, increasing by a whopping 1700% to £9,200. This is a positive sign, suggesting improved liquidity. However, finished goods inventory has fallen by 13%, dropping to £120,000, which could indicate slower sales or a deliberate reduction in stock levels. Trade debtors have also increased substantially, rising by 70% to £62,000—perhaps a consequence of extending credit terms to customers. Net assets have increased by 2.1% to £48,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, which is common for small, exempt companies.

Registered in England/Wales under the registration number 11207006, with a registered address at B75 5BY, England, Sutton Coldfield, West Midlands, St James House, 65 Mere Green Road.

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