Itade Ltd

Itade Ltd from London UK: a small, active company founded three years ago, boasts £4,994 in assets, operates from a virtual address, and is led by two directors and two owners. The company is a regular importer of furniture, lighting, and prefabricated buildings, with three months of import activity recorded, the last operation taking place in November 2024.

ITADE Italian Interiors, based in London, positions itself as an expanding design agency focused on interiors and made in Italy. The company represents several Italian companies in the interior design industry and operates as the UK area office for Gruppo LUBE. Its website highlights a focus on high-end design and collaboration with Italian manufacturers. The site also features contact information and a section showcasing its brands.

Financially, Itade Ltd presents a mixed picture. While cash reserves increased by 140% to £5,000, net assets decreased significantly to -£6,600. Creditors have risen dramatically, increasing by 400% to £12,000, and loans from directors have climbed by 57% to £3,200. Despite this, debtors are minimal at just £7. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the substantial equity decline suggests potential financial strain. No auditor is mentioned, reflecting the company’s exemption as a small entity. It's clear that the company is burning through cash, and the significant increase in creditors suggests a reliance on short-term financing. The list of owners was changed five months ago, which could be a good sign for sales.

Registered in England/Wales under the registration number 13631733, with a registered address at EC2A 4NE, United Kingdom, London, England, 86-90 Paul Street.

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