Iosc Ltd

Iosc Ltd, based in Romsey, UK, is a small, active company founded 21 years ago in 2003. With two employees and £697,753 in assets, it's a solo-founded operation led by one director and owner. The company operates from a real address, Unit 36 Romsey Industrial Estate, and has a steady track record of importing electrical machinery and equipment (16 months) and exporting machinery, boilers, and mechanical appliances (280 months).

The company's activities appear focused on facilitating trade between international suppliers and UK businesses. While no website is available for review, the import/export focus suggests a business-to-business model rather than direct consumer sales. It's likely the company acts as an agent or intermediary, sourcing goods and connecting them with UK buyers.

Financially, Iosc Ltd presents a mixed picture. Current assets grew by 17% to £700,000, a positive sign. However, net losses deepened to -£24,000, and cash reserves fell by 40% to £220,000. Trade debtors decreased by 46%, which could indicate improved collection efforts, but also potentially reduced sales. Bank borrowings remained stable at £110,000, and creditors increased by 38%, suggesting the company is managing its short-term liabilities. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 70 employees) allows for flexibility, but the increased losses need to be monitored. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Iosc Ltd seems to be navigating a challenging environment. While its import/export operations continue, the company is facing financial pressures. Whether it can sustain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 04918829, with a registered address at SO51 0HR, England, Romsey, Hampshire, Unit 36 Romsey Industrial Estate, Greatbridge Road.

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