Izar Ltd

Izar Ltd from Truro UK: a small company with an active status, was founded eight years ago. It employs seven people and holds £172,603 in assets, operating from a real address. The company is led by two directors and has one owner, who is also the solo founder. Izar Ltd is a regular importer of furniture, lighting, and prefabricated buildings, with four months of import activity recorded as of September 2022.

The company’s operations center around the retail of furniture, lighting, and similar items, specializing in retail sales. While a website isn’t available to analyze, it’s likely Izar Ltd operates through a physical store or potentially an online platform, given its retail focus.

Financially, Izar Ltd presents a mixed picture. Current assets have decreased by 25%, dropping to £170,000. Bank borrowings have increased by 13%, reaching £11,000, and cash reserves have fallen by 63%, leaving only £11,000. Creditors have also decreased by 24%, suggesting better debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity raises some concerns. With no auditor mentioned, the figures are based on unaudited statements.

The company’s financial health seems to be a bit shaky, with a decrease in assets and cash reserves. It’s possible that the company is experiencing some financial strain, or it could be investing in growth. The decrease in creditors is a positive sign, suggesting improved debt management. It is worth noting that the company is a regular importer, and the recent decrease in assets could be related to import costs.

Registered in England/Wales under the registration number 10657290, with a registered address at TR1 2JL, United Kingdom, Truro, Cornwall, Princess Chula House, City Road.

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