Innovation Supplies Limited

Innovation Supplies Ltd, based in Hull, UK, is a small, active company founded sixteen years ago. With two employees and £93,644 in assets, it operates from a real address and is managed by two directors and one owner. The company regularly imports, although its top import category is listed as "None" with just eight months of activity recorded, the last being in 2019. It provides cost-saving cleaning and hygiene supplies, primarily through its website, salesinnovationsupplies.co.uk.

The website highlights a focus on cost reduction and product waste, showcasing partnerships with brands like Buckeye Cleaning Chemicals and Symmetry Hand Hygiene. It also features awards and testimonials, emphasizing its commitment to innovation and customer service. The company caters to facilities across the UK, offering a range of products including paper disposables, cleaning chemicals, and floor care solutions. It even offers free trials to potential customers.

Financially, Innovation Supplies Ltd presents a mixed picture. While current assets increased by 18% to £94,000, equity significantly decreased by 94%, falling to just £180. Bank borrowings rose by 13%, reaching £20,000, and net current assets liabilities increased by 25% to £42,000. Creditors also increased by 12%. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the substantial equity decline is a concern. With no auditor mentioned, the figures are unaudited. It appears the company is struggling to retain profits, and the increase in bank borrowings suggests a need for additional funding.

Registered in England/Wales under the registration number 06885071, with a registered address at HU5 5FD, Hull, 12 Sycamore Close, Maplewood Avenue.

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