Ivic Limited

Ivic Ltd, based in Peterlee, UK, is a small, family-run business with an active status, celebrating 35 years in operation. Employing nine people and holding £641,519 in assets, it’s a well-established entity with four directors and two owners. The company boasts a perfect 5.0 Google rating from three reviews, a testament to its customer service. Ivic Ltd is an irregular importer, primarily dealing with electrical machinery and equipment, with recent import activity recorded just two months ago.

The company’s website reveals a focus on industrial lighting and environmental monitoring systems. Ivic Ltd designs, manufactures, and supplies bespoke LED industrial lighting and control systems, emphasizing safety, productivity, and reduced downtime for its clients. It caters to a variety of industries, with a particular focus on high-quality products and custom solutions. The site even mentions clients and invites potential partners to contact them.

Financially, Ivic Ltd presents a mixed picture. Current assets decreased by 11% to £640,000, while net assets dropped 18% to £500,000. Bank borrowings decreased by 32%, reaching £21,000, and cash reserves fell 19% to £320,000. Creditors increased by 22%, suggesting a need to manage debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

Overall, Ivic Ltd appears to be a stable, albeit slightly stressed, business. Its focus on specialized lighting and monitoring, coupled with its long-standing presence, suggests a degree of resilience. However, the financial trends indicate a need for careful management to ensure continued success.

Registered in England/Wales under the registration number 02414996, with a registered address at SR8 2RJ, England, Peterlee, 4 Winchester Drive, South West Industrial Estate.

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