Iwizards Ltd

Iwizards Ltd from Manchester UK is a small, active company founded 14 years ago. It employs three people and holds £29,647 in assets, operating from a real address. With two directors and two owners, the company navigates the retail landscape, specifically focusing on the retail sale via mail order houses or via internet industries.

The company’s website reveals a fascinating evolution. Initially focused on enterprise mobility, Iwizards Ltd has pivoted significantly, now primarily offering AI-powered computer vision solutions under the brand "IRIS." This platform leverages existing CCTV cameras to provide actionable insights for various sectors, including retail, petroleum, health and safety, and security. They’re even exploring applications like detecting mask usage and social distancing—a timely response to recent global events. The company was recently acquired by SparkCognition, a global leader in AI solutions, indicating a promising future.

Financially, Iwizards Ltd presents a mixed picture. While current assets increased by 8.7% to £30,000, and net assets grew by 15% to £24,000, bank borrowings have increased. Creditors decreased by 17%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the increase in borrowings could indicate a need for further investment. The company is exempt from an audit, so the figures are unaudited. It’s likely the acquisition by SparkCognition will provide much needed financial stability and resources for Iwizards Ltd to continue its innovative work in the AI space.

Registered in England/Wales under the registration number 07472095, with a registered address at M12 4AH, England, Manchester, Unit 75, Cariocca Business Park 2 Hellidon Close, Ardwick.

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