Ira Distributors Ltd

Ira Distributors Ltd, based in London, UK, is a small, active company founded four years ago. It’s a solo-founder operation with one director and owner, Starr Ronnie, and holds just £26 in assets. The company operates from a virtual address shared by thirty-four other businesses. It's a regular importer of rubber and rubber products, with six months of import activity recorded, the last operation occurring in December 2023.

The company’s website highlights its role as a leading UK importer and wholesaler of branded products, supplying major chain stores, department stores, and ecommerce traders. It boasts a network of 200 brands across 21 countries and emphasizes a reliable supply chain. The website also details a history dating back to 2014, initially as an online wholesaler and pound shop supplier, now evolving into a distributor with over 100 years of international experience collectively among its team. It offers services including importing, product sourcing, and exporting, catering to both local and global markets.

Financially, Ira Distributors Ltd presents a concerning picture. Cash bank on hand has plummeted by 98%, leaving just £26. Current assets have also dropped dramatically, reaching -£70,000. Equity has seen an even more significant decline, falling by 1300% to -£69,000. Creditors have surged by 550%, and taxation and social security payable have risen by 1100%. Trade creditors have also increased significantly. The company’s small size (meeting two of three conditions for a small company) doesn't appear to be shielding it from these financial pressures. With no auditor mentioned, the figures are unaudited.

The sharp decline in cash and equity, combined with rising debts, suggests Ira Distributors Ltd is burning through money. While the company’s website projects an image of a thriving importer and wholesaler, the financial data paints a different story—one of a business struggling to maintain its footing.

Registered in England/Wales under the registration number 12946570, with a registered address at W1W 7LT, England, London, 85 First Floor Great Portland Street.

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