Ink Cartridges Ltd

Ink Cartridges Ltd is a small, active company based in Lincoln, UK, established 22 years ago in 2002. Employing nine people, it holds £666,913 in assets and operates from a real address at 10 Newporte Business Park. The company is led by three directors, including Johnson Timothy Richard, who also serves as the owner. It runs an e-commerce site selling printer ink cartridges, offering a wide range of brands and compatible replacements. The company also imports machinery, boilers, and mechanical appliances parts, though this activity is irregular, with the last import occurring in June 2018.

The InkCartridges.com website is clearly the company’s primary focus, offering a user-friendly platform for purchasing ink cartridges online. The site highlights competitive pricing, free shipping, and a satisfaction guarantee. Customer testimonials praise the quality of the ink and the speed of delivery. The site also emphasizes its commitment to offering compatible replacements, potentially saving customers money compared to name-brand cartridges. The website is well-designed and easy to navigate, with clear product categories and a search function.

Financially, Ink Cartridges Ltd presents a mixed picture. While current assets increased by 26% to £670,000, equity has drastically decreased by 73%, dropping to just £60,000. Bank borrowings have increased significantly by 95%, reaching £19,000, and cash reserves have declined by 11% to £72,000. Creditors have surged by 82%, reaching £740,000. 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 it to remain nimble, but the sharp decline in equity raises concerns. The company’s auditors are Duncan & Toplis Limited. The company’s turnover is likely around £1 million, but this is not explicitly stated. The decrease in equity may be due to increased investment in the e-commerce platform or increased marketing expenses.

Registered in England/Wales under the registration number 04465829, with a registered address at LN2 4SY, England, Lincoln, 10 Newporte Business Park, Bishops Road.

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