Into Av Distribution Limited

Into Av Distribution Ltd from Letchworth Garden City UK: a small, active company founded 10 years ago, employs three people, and holds £609,677 in assets. With two directors and two owners, it maintains a perfect 5.0 Google rating based on three reviews. It’s an irregular importer of electrical machinery and equipment, with just two months of import activity recorded as of June 2024.

The company operates within the wholesale of other machinery and equipment industries. Its website is currently unavailable, making it difficult to assess its online presence and specific offerings. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 25.

Financially, Into Av Distribution Ltd shows some concerning trends. Current assets have decreased by 11% to £610,000, while net assets have increased by 4.4% to £490,000. Cash bank on hand has fallen by 25% to £85,000. Trade debtors remain steady at £81,000, but creditors have dramatically decreased by 68% to £40,000. The company's bank borrowings have increased by 2,400% to £29,000.

The sharp increase in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be burning through money. It’s possible that increased investment in inventory or marketing efforts are driving this trend, or perhaps the company is facing challenges in collecting payments from customers. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Despite these financial pressures, the company’s high Google rating suggests strong customer satisfaction. Whether Into Av Distribution Ltd can sustain its growth and navigate these financial challenges remains to be seen—but for now, it’s a small company with a solid reputation facing a test of its financial resilience.

Registered in England/Wales under the registration number 09420850, with a registered address at SG6 1UG, England, Letchworth Garden City, Herts, Av House, Amor Way.

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