Innofinity Limited

Innofinity Limited, based in Broxbourne, UK, is a small, active company founded three years ago. With a single employee and £301,781 in assets, it operates from a virtual address, registered at Grenville House. The company is led by a solo founder who also serves as director and owner, and enjoys a strong Google rating of 4.0 based on 656 reviews.

The company's website, Innofinity Worldwide, is an e-commerce business specializing in mobile phones, with a particular focus on iPhones for the past three years. It prides itself on expert technical knowledge, offering a 12-month warranty on all purchases, certified refurbished tech with a 40-point quality check, and handling around 500 handsets weekly. The site lists a wide range of iPhones, from older models to the latest releases, catering to a broad customer base.

Financially, Innofinity Limited’s recent report shows some concerning trends. Cash bank on hand has dramatically decreased by 98%, falling to just £220. While current assets rose slightly to £300,000, creditors increased by 8% to £290,000, indicating a greater reliance on borrowing. Trade debtors have also spiked, reaching £52,000, which could signal delayed payments from customers. On a brighter note, net assets have increased by 46% to £28,000, and depreciation impairment property plant equipment increased by 36%. The company, meeting two of three conditions to be considered small, relies on abridged unaudited financial statements and is exempt from an audit.

Overall, Innofinity Limited appears to be experiencing a period of financial strain, despite its strong online presence and positive customer reviews. The rapid decrease in cash reserves and increase in debt raise questions about its long-term sustainability, though the growth in net assets suggests some level of success.

Registered in England/Wales under the registration number 13486922, with a registered address at EN10 7DH, United Kingdom, Broxbourne, Hertfordshire, Grenville House, 4 Grenville Avenue.

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