Innovation Technologies (ireland) Ltd

Innovation Technologies Ireland Ltd, based in Carrickfergus, UK, is a small, active company founded 27 years ago. With a single employee and £81,348 in assets, it operates from a real address and is overseen by three directors and one owner. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with its last import activity recorded one month ago in February 2021.

The company’s website is currently unavailable, making it difficult to determine its exact online presence and customer engagement. However, its business activities are described as operating in the manufacture of other electrical equipment, the manufacture of other special-purpose machinery n.e.c., specialised design activities, and other research and experimental development on natural sciences and engineering industries.

Financially, Innovation Technologies Ireland Ltd shows a mixed picture. Cash bank on hand has increased dramatically by 1200% to £19,000, a positive sign of improved liquidity. However, creditors have decreased by 19% to £55,000, and debtors have fallen by 25% to £18,000. Net assets have increased by 23% to £85,000, reflecting a strengthening equity position. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the changes in debt levels warrant closer observation. No auditor is mentioned, which is common for small, exempt companies.

Overall, Innovation Technologies Ireland Ltd appears to be navigating a period of change. While the increase in cash reserves is encouraging, the fluctuations in debt levels suggest potential challenges. The company’s long-standing presence and diverse business activities indicate resilience, but sustained financial health will depend on effective management of its finances.

Registered in Northern Ireland under the registration number NI033526, with a registered address at BT38 9HP, Carrickfergus, 47 Manse Road, Ballycarry.

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