Ivc Technologies Ltd

Ivc Technologies Ltd, based in Yeovil, UK, is a small holding company with an active status, having been incorporated 31 years ago in May 1993. The company employs 16 people and holds £1,104,301 in assets. It’s managed by three directors and has one owner, with its ownership structure changing three years ago. The company’s registered address is real, with only two other companies registered there, suggesting a genuine business location.

The company operates as both a regular importer and exporter of electrical machinery and equipment. It has imported for four months, with the last import occurring in July 2024, and exported for nine months, with the last export in October 2023. Ivc Technologies Ltd is involved in other information technology service activities and other engineering activities.

Financially, the company's current assets have decreased significantly, dropping 34% to £1,100,000. Net assets have also seen a decline, falling 29% to £920,000. Cash bank on hand, however, has increased dramatically by 110% to £910,000, which could indicate a temporary influx of funds or a change in cash management strategies. Creditors have decreased by 24%, suggesting improved debt management, while trade debtors have plummeted by a substantial 85%, possibly indicating difficulties in collecting payments. Deferred income has increased significantly by 420,000, which may be a one-off event. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in net assets warrants attention. The company is exempt from an audit as a small company.

The sharp decrease in trade debtors is a notable trend, potentially reflecting economic pressures or changes in customer payment habits. The increase in cash reserves, combined with the decrease in creditors, could indicate a period of improved liquidity, although the long-term sustainability of this trend remains to be seen.

Registered in England/Wales under the registration number 02822624, with a registered address at BA22 8RL, Yeovil, Somerset, 8 Armoury Road, Lufton Trading Estate.

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