Ir-entertainment Ltd

Ir-entertainment Ltd is a small, active company registered in London, UK, founded sixteen years ago in 2009. It employs just one person and holds assets of £-2,422 – a negative value that warrants attention. The company operates from a virtual address shared by thousands of other businesses, and is overseen by two directors and one owner. While the company’s name suggests entertainment, it’s a irregular importer of optical and medical tools and devices (one month of imports recorded in 2022) and a regular exporter of electrical machinery and equipment (six months of exports recorded in 2021). The company operates in the ready-made interactive leisure and entertainment software development industries.

The company’s website is not available, so it’s difficult to assess its online presence or e-commerce activities.

Financially, Ir-entertainment Ltd presents a concerning picture. Net assets have plummeted by a staggering 140%, resulting in a negative value of -£380,000. Cash reserves are also deeply in the red at -£25,000, and bank borrowings have surged by 210% to £520,000. While trade debtors have increased by a substantial 1200%, creditors have decreased by 50%, suggesting a slight improvement in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the dramatic decline in equity and negative cash flow raise serious questions about its financial health. The company is exempt from an audit as a small company, so the figures are unaudited.

The significant increase in bank borrowings, coupled with the negative cash position, suggests Ir-entertainment Ltd is burning through money at an alarming rate. It’s possible the company is investing heavily in growth or facing unexpected expenses, but without further information, it’s difficult to determine the underlying cause. The lack of an auditor also makes it harder to verify the accuracy of the reported figures.

Registered in England/Wales under the registration number 06821592, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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