Niyo Labs Ltd.

Niyo Labs Ltd is a small, active company based in Birmingham, UK, founded seven years ago in May 2018. It employs sixteen people and holds £433,811 in assets. The company is led by a single director and owner, Adebayo Oyinkansola Mary, and operates from a real address within the Zellig Building. While officially listed as a solo founder, the company has previously been known as Niyo Group Ltd and Niyo Enterprise Ltd. Niyo Labs Ltd is an irregular importer, with its top import category being Miscellaneous manufactured goods, totaling 1 months of imports. The last import operation was conducted on April 01, 2021.

The company’s website, though currently unavailable, suggests a focus on business and domestic software development, conference organization, education, and employment placement services. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Looking at the financials, Niyo Labs Ltd shows a mixed picture. Cash reserves have exploded, increasing by an incredible 13,000% to £370,000 – a significant boost. However, current assets overall have increased by 310% to £430,000, while bank borrowings have increased by 200% to £200,000. Trade debtors have decreased by 42% to £55,000, suggesting improved collection efforts. However, creditors have increased dramatically by 310% to £200,000. Accumulated depreciation impairment property plant equipment has increased by 24% to £22,000. The number of employees during the period has decreased by 25% to twelve. The company’s net assets have decreased by 8.1% to £51,000.

These figures indicate a company that's experiencing rapid growth, but also facing increased financial obligations. The substantial increase in cash reserves is encouraging, but the rise in creditors suggests that the company may be relying on borrowing to fund its operations. The decrease in employees could be a result of restructuring or a shift towards automation. With no auditor mentioned, the financials are unaudited, and the figures should be viewed with some caution.

Registered in England/Wales under the registration number 11371368, with a registered address at B9 4AT, England, Birmingham, Ug05 Zellig Building, Gibb Street.

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