Irresistible Materials Ltd

Irresistible Materials Ltd from Swansea UK is a small, active company founded sixteen years ago in 2009. Employing nine people, it holds £543,931 in assets and operates from a virtual address—a detail flagged by the registration of 237 other companies at the same location. The company has seven directors, but no owners were reported, which is not unusual for smaller entities. It’s an irregular importer, specializing in machinery, boilers, and mechanical appliances; parts, with its last import operation occurring just one month ago. The company operates in the other research and experimental development on natural sciences and engineering industries.

The company's website is non-existent, which suggests a business-to-business model focused on direct sales rather than retail. It’s likely that Irresistible Materials Ltd sources components or equipment and supplies them to other businesses—perhaps manufacturers or engineering firms. Without a website, it’s difficult to gauge the scale of its operations or its target market, but the import activity indicates a role in the supply chain.

Financially, Irresistible Materials Ltd presents a mixed picture. Current assets have decreased by 13% to £540,000, while bank borrowings have increased by 27% to £190,000. Creditors have increased by 83% to £4,100,000, which is a large jump and could be a sign of increased purchasing or a need for short-term financing. Despite this, the company’s equity has remained relatively stable, although the retained earnings have decreased by 41% to -£7,900,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the large creditor balance raises questions about its ability to manage its short-term liabilities. The company was audited by Bevan Buckland LLP, and the report was published on July 17, 2024.

Overall, Irresistible Materials Ltd appears to be a small business navigating a challenging financial landscape. While its import activity suggests a role in the machinery supply chain, the large creditor balance and decreasing equity warrant close monitoring.

Registered in England/Wales under the registration number 06847082, with a registered address at SA7 9LA, Wales, Swansea, C/O Bevan Buckland Llp Ground Floor Cardigan House, Castle Court Swansea Enterprise Park.

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