Interior Panel Systems Ltd

Interior Panel Systems Ltd, based in Sheffield, UK, is a small, active company established 19 years ago. With 10 employees and £500,642 in assets, it’s a family-run business operating from a real address and managed by three directors and three owners. The company boasts an e-commerce site and regularly imports aluminum and aluminum products, with the most recent import activity recorded three months ago.

The company’s core business involves the manufacture of other plastic products, catering to a range of industrial applications. While the website isn't available for review, this suggests a B2B focus rather than direct consumer sales. The company’s registration address is shared with only one other business, indicating a relatively low-profile operation.

Financially, Interior Panel Systems Ltd shows a mixed picture. Current assets have increased by 9.3% to £500,000, which is good news, but net assets have fallen by 23% to £450,000. Bank borrowings have decreased by 17% to £22,000, and cash reserves have increased by 14% to £210,000. Creditors have increased significantly by 120% to £330,000, which could be a concern. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is typical for small, exempt companies.

Overall, Interior Panel Systems Ltd appears to be navigating a period of change. While asset growth is positive, the decrease in equity and rise in creditors suggests the company is burning through money. The rise in creditors could be due to increased business activity, but it’s something to keep an eye on. The company’s small size allows for agility, but management needs to ensure it can maintain a healthy balance sheet.

Registered in England/Wales under the registration number 05670065, with a registered address at S9 1XT, England, Sheffield, Unit 1 Shepcote Business Park, Europa Drive.

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