Iq Workspace Ltd

Iq Workspace Ltd, based in Chester, UK, is a small holding company with an active status, established six years ago. Employing just four people and holding assets of £616,938, it’s a compact operation managed by three directors and a single owner. The company boasts a stellar 5.0 Google rating from nine reviews, reflecting positive customer experiences. It’s a regular importer, specializing in furniture, lighting, and prefabricated buildings, with 50 months of import activity recorded, the last in February 2025.

The company operates in the retail of furniture, lighting, and similar products, catering to specialized store industries. It's a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. While a website isn't available to analyze, its import focus suggests a business model centered around sourcing and distributing goods.

Financially, Iq Workspace Ltd shows a mixed picture. Current assets decreased by 3.4% to £620,000, while net assets increased by 16% to £490,000. Trade debtors increased by 6.8% to £460,000, and creditors decreased by 42% to £140,000. Bank borrowings remained stable, and cash reserves declined by 25% to £150,000. The company's net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100. The increase in creditors suggests better debt management. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the dip in cash reserves, the overall financial picture suggests a stable, albeit lean, operation. The company's focus on importing and distributing furniture, lighting, and prefabricated buildings, combined with its strong Google rating, positions it well for continued success—although careful management of cash flow will be essential.

Registered in England/Wales under the registration number 11508966, with a registered address at CH4 9RF, England, Chester, Cheshire, C/O Montacs International House, Kingsfield Court, Chester Business Park.

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