Iteq Living Limited

Iteq Living Ltd, based in Warrington, UK, is a small, active company founded 17 years ago. With a single employee and £624,649 in assets, it operates from a virtual address shared by numerous other businesses – a bit unusual. The company is run by two directors and a solo founder, Lopez Richard, and regularly imports electrical machinery and equipment, though the last import was quite some time ago, back in 2019.

The company's website is minimal, offering little insight into its operations beyond a basic listing. It appears to be focused on home automation, specifically offering services related to electrical installation. It doesn’s seem to be an e-commerce site, so it’s likely that Iteq Living operates on a business-to-business model, providing services rather than selling products online.

Financially, Iteq Living Ltd presents a mixed picture. While cash bank on hand has increased dramatically – a 150% jump to £330,000 – other areas show concern. Creditors have soared by 200%, reaching £310,000, and net assets have fallen by 7.2% to £320,000. Trade debtors have also decreased, suggesting that the company is struggling to collect payments. The company’s small size – meeting two of three criteria for a small company – helps it remain flexible, but the increase in debt and decrease in equity are concerning. The company’s property plant and equipment has decreased by 39%, which could be a sign of reduced investment or depreciation. The lack of an auditor mentioned suggests the company is exempt, and the figures are unaudited. Overall, Iteq Living appears to be facing some financial pressures, despite the increase in cash reserves.

Registered in England/Wales under the registration number 06291268, with a registered address at WA1 1RG, England, Warrington, 320 Firecrest Court Centre Park.

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