Innovibe Ltd

Innovibe Ltd from Penryn UK: small company, active status, founded 6 years ago, accounts overdue 1 year, confirmation overdue 4 months, £85,775 assets, real address, 1 director, 1 owner. It’s a private limited company registered in England/Wales with the registration number 11702139, and operates in the retail sale via mail order houses or via internet industries. Officially, it has one owner or PSCs, one director, and no number of employees published.

The company’s website paints a picture of a modern IT solutions provider, offering services ranging from IT support and 3D printing to mechatronics and digital consulting. It’s clear they're trying to position themselves as innovators, “revolutionizing innovation, one solution at a time.” The site emphasizes precision planning, dynamic execution, and future-ready innovation—all hallmarks of a business aiming to attract tech-savvy clients. The website has a shopping basket, suggesting they may also be selling physical products, though this isn's explicitly stated.

Financially, Innovibe Ltd presents a mixed bag. While current assets have increased significantly to £86,000, a 230% growth, bank borrowings have also surged by a staggering 280%, reaching £19,000. Cash reserves have fallen by 80%, leaving just £600 on hand. Creditors have also increased, with short-term creditors measured at transaction price. Trade debtors have ballooned, with a 420% growth, suggesting potential issues with customer payments or an expansion of credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp drop in cash reserves and increase in debt raise questions about its financial health. With no auditor mentioned, the figures rely on unaudited statements.

It seems like Innovibe Ltd is growing quickly, but it’s also burning through cash. The company’s focus on high-tech services and its commitment to innovation are promising, but it will need to manage its finances carefully to avoid running into trouble. It’s a bit of a gamble, but it could pay off if they can secure new clients and generate consistent revenue.

Registered in England/Wales under the registration number 11702139, with a registered address at TR10 8EA, England, Penryn, 41 South View.

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