Intra Drive Ltd

Intra Drive Ltd, based in Edinburgh, UK, is a small, active company founded nine years ago. With three employees and £347,898 in assets, it operates as a solo-founded venture led by two directors and one owner. The company is a irregular importer of machinery, boilers, and mechanical appliances, with parts imported just two months ago. 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 50.

The company's website highlights a revolutionary approach to ebike design, offering a "Gearbox Drive Unit" – a B2B solution aimed at simplifying ebike construction and eliminating traditional gearing systems. This GD8 unit combines a durable 8-speed gearbox with a powerful motor in a sealed unit, boasting electronic shifting technology and compatibility with various bike types. They even supply the battery, display, and shifter, offering a full system solution. Intra Drive is clearly aiming for a premium market, emphasizing circular design, repairability, and a commitment to renewable electricity.

Financially, Intra Drive Ltd shows a mixed picture. Cash bank has increased dramatically, jumping 1200% to £310,000, while current assets have also increased by a substantial 370% to £350,000. However, net assets have decreased by 75%, to -£470,000, and accumulated losses have increased significantly. Trade debtors have decreased by 32%, suggesting better debt management. The company’s fixed assets have increased by 320%, to £57,000, and bank borrowings have increased by 2400%. The company's small size helps it stay agile, but the significant equity decrease raises questions about its long-term financial health. The unaudited financial statements, without an auditor mentioned, rely on director-reported data.

Overall, Intra Drive Ltd appears to be a dynamic company with a potentially disruptive product, but it’s burning through money. The company’s focus on innovation and circular design is commendable, but it needs to carefully manage its finances to ensure its long-term viability.

Registered in Scotland under the registration number SC535415, with a registered address at EH16 4BB, Scotland, Edinburgh, Unit 7a, Castlebrae Business Centre, Peffer Place.

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