Innovative Creative Solutions Ltd

Innovative Creative Solutions Ltd, based in Clitheroe, UK, is a small, active company founded six years ago in 2018. With a single employee and £50,869 in assets, it operates from a virtual address shared by 152 other companies – a bit odd, really. The company is run by one director and one owner, Avci Cengiz, and is classified as a small business, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It’s a irregular importer, primarily dealing in paper and paperboard products, with its last import operation recorded way back in August 2019. The company operates in the "other business support service activities n.e.c." industries.

While a website wasn't available to review, the company’s activities seem to center around providing business support services. It's difficult to say if it’s an e-commerce operation without further information.

Financially, Innovative Creative Solutions Ltd is showing some concerning trends. Cash reserves have fallen by 31%, sitting at £49,000, while current assets have dropped by 27%, now at £51,000. Trade debtors have plummeted by a whopping 90%, leaving only £2000. Equity has also taken a hit, decreasing by 77% to just £5100. Creditors, however, have increased by 25%, reaching £21,000. The company’s bank borrowings have also decreased. These figures suggest the company is struggling to manage its working capital and may be facing cash flow problems. The lack of a mentioned auditor, likely due to its small size, means the figures are unaudited.

Overall, Innovative Creative Solutions Ltd appears to be a small business facing financial headwinds. While its niche import activities and business support services may offer potential, the declining financial performance raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 11649021, with a registered address at BB7 2DL, England, Clitheroe, Lancashire, 2 York Street.

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