Innerspace Leicester Ltd

Innerspace Leicester Ltd, based in Leicester, UK, is a small, active company established four years ago. With three employees and £166,427 in assets, it operates from a real address and is led by one director and owner, boasting a stellar 5.0 Google rating from a single review. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded just one month ago.

The company’s website, though not provided, suggests a focus on manufacturing office and shop furniture, as well as kitchen furniture. It’s likely an ecommerce operation, catering to businesses rather than individual consumers.

Financially, Innerspace Leicester Ltd presents a mixed picture. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 10 employees), some trends are concerning. Accumulated amortisation impairment intangible assets increased by 50%, while accumulated depreciation impairment property plant equipment rose by 54%. Bank borrowings have increased significantly, reaching £9,200, and cash reserves have decreased by 37% to £6,900. Trade debtors have increased dramatically, suggesting potential issues with customer payments. However, creditors have also decreased, which could indicate improved debt management. The company's equity has taken a hit, dropping by 340% to -£6,900.

The lack of an auditor mentioned is not unusual for a small company, meaning the financial information is unaudited. Overall, Innerspace Leicester Ltd appears to be navigating a challenging financial period, with increased debt and decreased cash reserves. It’s possible that the company is investing in growth, but the declining equity raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 13353949, with a registered address at LE1 2LX, England, Leicester, 1 Freehold Street.

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