Iwa Group Ltd

Iwa Group Ltd, based in Inverkeithing, UK, is a small, active company founded 17 years ago. With two employees and £92,719 in assets, it operates from a real address and is led by one director and owner. The company is an irregular importer, specializing in clothing and accessories made by knitting or crocheting, with its last import operation recorded one month ago in September 2023.

The company’s website, iWA Group, offers a wide range of business setup and support services in the UAE, catering to entrepreneurs and existing businesses. It provides solutions from free zone and mainland company formation to accounting, tax consultancy, and even mail management. The site's calculator helps potential clients estimate setup costs, and the content is geared towards guiding individuals through the complexities of doing business in the UAE. It’s clear the company is targeting a global clientele, offering services like golden visa applications and legal support.

Financially, Iwa Group Ltd’s report reveals a concerning trend. While bank borrowings increased significantly by 190%, cash reserves decreased by 51%. Creditors also rose by 52%, suggesting increased reliance on short-term financing. Equity plummeted by 180%, indicating a substantial loss of retained earnings. Despite these challenges, debtors decreased by 11%, which could be a sign of improved collection efficiency. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the significant equity decline warrants attention. The report is unaudited, as is common for small companies.

Overall, Iwa Group Ltd appears to be navigating a period of financial pressure. While its website suggests a thriving service business, the underlying financials point to a need for careful management and potentially, a renewed focus on profitability.

Registered in Scotland under the registration number SC332319, with a registered address at KY11 1LN, Scotland, Inverkeithing, Fife, 54 Hope Street.

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