Island Promotional Products Ltd

Island Promotional Products Ltd, based in London, UK, is a small, active company founded four years ago. With a single employee and £8,198 in assets, it operates from a virtual address—a detail highlighted by the fact that 753 other companies share the same registration address. Led by a solo founder who also serves as director and owner, the company enjoys a perfect 5.0 Google rating from two reviews.

The company’s operations encompass retail sales via mail order and internet, alongside offering business support services. While the website is minimal, it suggests a focus on promotional products—though no active e-commerce functionality is apparent.

Financially, Island Promotional Products Ltd presents a mixed picture. Cash reserves increased by a substantial 280% to £800, a positive sign. However, net assets remained negative at -£21,000, a significant drop from -£10,000 the previous year. Trade debtors surged by an impressive 1500%, reaching £600, while creditors increased by 69% to £29,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the persistent negative equity indicates ongoing financial pressure. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

It’s clear the company is burning through money, with creditors increasing while assets remain low. The owner is clearly working hard to keep the business afloat, but whether the current trajectory is sustainable remains to be seen.

Registered in England/Wales under the registration number 13331129, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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