Innowise Works Ltd

Innowise Works Ltd is a small, active company based in Leeds, UK, founded three years ago in July 2021. With just two employees and £90,905 in assets, it operates from a virtual address shared by 573 other companies, a fact that raises some questions. The company is led by two directors, including Munigeti Sanjay, and has one owner, though the list of owners may not be exhaustive. It's a irregular importer, with its top import category being Electrical machinery and equipment, totaling 1 months of imports. The last import operation was conducted on March 01, 2022.

The company’s website, Innowise Works, focuses on traffic surveys and data collection. It positions itself as finding smart and innovative solutions to the complexities of collecting and analysing traffic data. The site highlights its vision for finding smart and innovative solutions and offers services, testimonials, and contact information. It’s a niche business, catering to a specific need within the transportation sector.

Financially, Innowise Works Ltd presents a mixed picture. Cash bank on hand decreased by 14% to £39,000, while bank borrowings fell by 41% to £6,200. Creditors increased significantly by 67% to £44,000, and trade debtors rose by 36% to £52,000. Equity dropped by 16% to £60,000. The company’s small size—meeting two of three criteria for a small company—helps it stay nimble, but the decline in equity and the increase in creditors suggest it may be burning through money. The company’s net assets liabilities also decreased by 19%. The company is audited by Clever Accounts Ltd.

While the company operates in the management consultancy activities other than financial management industries, its financial health is a bit uncertain. The decrease in cash and the increase in debt could be signs of a startup struggling to gain traction, or it could be a temporary blip.

Registered in England/Wales under the registration number 13532622, with a registered address at LS25 1NB, England, Leeds, Brookfield Court Selby Road, Garforth.

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