Iris Iot Solutions Limited

Iris Iot Solutions Limited, based in Daventry, UK, is a small, active company established seven years ago. With a single employee and £56,452 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded in 2023.

The company’s website highlights its focus on Internet of Things (IoT) solutions, offering services like data collection, communication, and control for various industries. It positions itself as a provider of secure IoT solutions, emphasizing improved performance and productivity through data-driven insights. The website details a range of services, including sensor deployment, network optimization, and data analysis, targeting businesses seeking to leverage IoT technology. They even offer a “Sense Hub” and boast partnerships with companies like Gigaset.

Financially, Iris Iot Solutions Limited’s recent report paints a concerning picture. Net assets have plummeted by a staggering 97%, dropping to just £320, a significant decline from the previous year's £10,000. Cash reserves have also evaporated, falling 81% to a mere £1,700. Creditors have increased dramatically, rising 160% to £57,000, while trade debtors have also ballooned by 510%. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the sharp decline in equity and cash suggests a need for careful management. The company's accounts are unaudited and prepared under the historical cost convention, and it’s worth noting that the company is entitled to exemption from audit under section 477 of the Companies Act 2006. It seems like they are struggling to keep their head above water.

Registered in England/Wales under the registration number 10787974, with a registered address at NN11 4AB, United Kingdom, Daventry, 16 Sheaf Street.

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