International Source Ltd

International Source Ltd, based in Blackburn, UK, is a small, active company founded two years ago. It’s a solo venture, run by a single director and owner, Dwyer Paul. With just one employee and £42,287 in assets, the company operates from a virtual address shared by 49 other businesses, a fact that raises some questions. It’s a wholesale business, primarily focused on the trade of household goods, and has recently been importing iron or steel products, though only for a couple of months.

The company's website paints a picture of a more established player, a leader in the creation and supply of premium packaging, accessories, gifts, and merchandising worldwide since 1980. It highlights a team of experienced account managers and an in-house design facility, emphasizing bespoke promotional solutions. The site showcases a wide range of services, from wellness products to luxury packaging, and even mentions a history dating back to 1980, with a focus on sustainability and innovation. It’s clear the company is aiming to project an image of expertise and reliability.

Financially, International Source Ltd’s recent performance presents a mixed bag. Current assets have seen a dramatic increase, jumping by 42,000%, now sitting at £42,000. However, equity has also increased significantly, reaching £1,800, and bank borrowings are at £39. Creditors have also risen, reaching £40,000, and cash reserves are at £32,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the large increase in assets and creditors suggests the company may be expanding its operations. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, International Source Ltd appears to be a small company experiencing growth, though the rapid increase in both assets and liabilities warrants a closer look. It’s a company that’s trying to project an image of a well-established business, even if its financial history is still relatively short.

Registered in England/Wales under the registration number 14247037, with a registered address at BB1 5QB, United Kingdom, Blackburn, Lancashire, C/O Pm+M New Century House, Greenbank Technology Park, Challenge Way.

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