Italian Lab Factory Ltd
- Small
- Active
- 9 years
- Accounts overdue 2 months
- 2 employees
- £41,190 (assets)
- Virtual address
- 2 directors
- 2 owners
- Regular importer
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
Italian Lab Factory Ltd, based in Manchester, UK, is a small, active company founded nine years ago in 2016. With just two employees and £41,190 in assets, it operates from a virtual address shared by twenty other companies—a bit unusual, really. The company is owned and directed by Favero Paola and Mandonico Ennio, who’s also listed as directors. It’s a regular importer, primarily bringing in furniture, lighting, and prefabricated buildings, with seven months of import activity recorded, the last in September 2024.
The company’s website reveals a more detailed picture. Italian Lab Factory provides interior design procurement services, focusing on turning architectural sketches into completed works of art. They work with a variety of clients, including hospitality, restaurants, commercial spaces, and residential projects. The site emphasizes a “magical” and “unexpected” process, weaving together spaces, shapes, ideas, and materials to create unique and personalized interiors. They even have offices in Paris and Dubai, expanding their reach beyond the UK.
Financially, Italian Lab Factory Ltd presents a mixed bag. Cash bank on hand is a respectable £99,000, but trade debtors are a hefty -£58,000, which is a bit concerning. Equity is a modest -£54, and net assets are just £46. Liabilities have increased, and the company is borrowing more, with bank borrowings at £330. Despite this, creditors have remained relatively stable, suggesting some degree of debt management. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, so the accounts are unaudited.
Overall, Italian Lab Factory Ltd seems to be navigating a challenging financial landscape. While its procurement services appear well-positioned, the company's balance sheet suggests it’s burning through cash—perhaps a consequence of rapid expansion or investment in new markets. It’s a small company, and it’s got a lot of potential, but it’s got to keep a close eye on its finances.
Registered in England/Wales under the registration number 10118049, with a registered address at M2 4AD, England, Manchester, Gregs Buildings, 1 Booth Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 1 year
- 25%+
-
Resident of Italy
-
Individual
- 9 years
- 50%+
-
Resident of Italy
Managers
-
Individual
- 9 years
-
Resident of Italy
-
Individual
- 9 years
-
Resident of Italy
Last reports
The latest confirmation statement submitted one month ago.
Last news
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Confirmation statement made on 2025-05-31 with updatesDownload 4 pages pdf report
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Confirmation statement made on 2024-05-31 with updatesDownload 4 pages pdf report
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Total exemption full accounts made up to 2023-04-30Download 7 pages pdf report
Importer profile by HS codes
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Last imported products
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