Innovative Marketing International Limited

Innovative Marketing International Ltd, based in Manchester, UK, is a small, active company with a long history, having been founded 52 years ago in 1972. With five employees and £1,181,954 in assets, it operates from a virtual address – a fact highlighted by the presence of 206 other companies registered at the same location. The company is led by three directors and owned by a solo founder, Julian Alexander Lyons.

The business specializes in importing toys, games, and sports equipment, having done so for a substantial 211 months, with the last import operation occurring in July 2022. It also exports iron or steel products, although at a smaller scale, with just three months of export activity recorded as of April 2021. The company operates within the non-specialised wholesale trade industries.

Financially, Innovative Marketing International Ltd presents a mixed picture. While cash bank on hand has increased by a healthy 34% to £1,000,000, other key metrics show a concerning trend. Accumulated depreciation impairment for plant and machinery has decreased by 40%, and amounts owed by group undertakings have fallen by a significant 81%. Trade debtors have plummeted by 64%, suggesting either improved collections or a reduction in sales. However, the company’s net current assets and liabilities have increased by 5.1%, indicating a reliance on short-term financing. Despite the decline in certain areas, the company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is typical for companies of this size.

The company’s financial statements are unaudited, and the trends suggest a need for careful management. While the increase in cash reserves is positive, the decline in debtors and the reliance on short-term debt warrant attention. It's possible that the company is experiencing a cyclical downturn or adapting to changing market conditions.

Registered in England/Wales under the registration number 01082967, with a registered address at M2 3BD, United Kingdom, Manchester, Xeinadin Manchester, 100 Barbirolli Square.

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