Istorage Limited

Istorage Limited, based in Greenford, UK, is a medium-sized holding company with an active status. Founded fifteen years ago in 2009, it employs twenty-four people and holds assets valued at £7,784,689. The company has a real address and is overseen by three directors and one owner. Istorage is a regular importer and exporter of machinery, boilers, and mechanical appliances, with seventy-two months of import activity and 156 months of export activity recorded.

The company’s website, iStorage, focuses on providing secure portable data storage and cloud encryption solutions. It offers a wide range of products, including encrypted flash drives, HDDs, SSDs, and self-encrypting internal drives. The site also highlights its expertise in ransomware protection and offers solutions for government, healthcare, education, and legal sectors. It’s clear that the company is targeting a market concerned with data security, and the website’s design and content reflect this focus.

Financially, Istorage Limited presents a mixed picture. Cash and cash equivalents increased dramatically by 540%, reaching £3,300,000, which is a positive sign. However, net losses deepened to -£1,300,000, and current assets decreased by 13% to £7,800,000. Bank borrowings increased by 21%, reaching £29,000, and trade debtors rose by 28% to £1,200,000. The company’s size—meeting two of three conditions for a medium-sized company—allows for flexibility, but the decline in profit raises questions. The company's accounts are audited by Arnold Hill & Co LLP, providing a degree of assurance.

Overall, Istorage Limited appears to be navigating a period of change. The company's strong focus on data security and its growing export activity suggest potential for future growth, but the need to manage costs and improve profitability will be crucial for long-term success.

Registered in England/Wales under the registration number 06951286, with a registered address at UB6 8DH, England, Greenford, Istorage House 13 Alperton Lane, Perivale.

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