Ipuk Limited

Ipuk Ltd from Manchester UK: a small, active company founded 10 years ago, employs two people, and holds £287,091 in assets. With a real address, two directors, and one owner, it’s a compact operation. A regular importer of electrical machinery and equipment, with 13 months of import activity recorded, the last being December 2024.

The company operates in the retail sale via mail order houses or via internet industries. Its website, Extra UK, functions as a B2B e-commerce platform for cycling accessories and components. The site doesn't seem to sell directly to consumers; instead, it caters to dealers and retailers, showcasing a wide range of brands like fizik, Topeak, and Maxxis. There’s a clear focus on wholesale distribution, with login portals and dealer-specific pricing. The site is well-structured, though a little dated, and includes a cookie acceptance banner.

Financially, Ipuk Ltd presents a mixed picture. Cash reserves increased significantly by 450% to £18,000, a positive sign. However, bank borrowings jumped to £19,000, and net assets decreased by 34% to £37,000. Creditors also increased by 9.6% to £220,000, suggesting potential short-term financial pressure. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decrease in equity is something to watch. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Ipuk Ltd seems to be managing, but the increase in borrowing and decrease in equity suggests it’s burning through money. The company's focus on B2B distribution and its range of cycling brands could provide a stable foundation, but keeping a close eye on its financial health is important.

Registered in England/Wales under the registration number 09530866, with a registered address at M2 6ET, Manchester, Ipuk Limited Queens Chambers, 2nd Floor 5 John Dalton Street.

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