Ultimate Goods Ltd

Ultimate Goods Ltd, based in Coventry, UK, is a small, active company founded eight years ago in 2017. It employs seven people and holds £106,056 in assets, operating from a virtual address shared by many other businesses. The company is led by a single director and owner, who is also the solo founder. It’s a regular importer of optical and medical tools and devices, with 9 months of import activity recorded, the last in September 2022.

The company’s website, Ultimate Solutions Ltd, focuses on industrial inkjet solutions, offering digital embellishment, variable data printing, and custom solutions for businesses. They retrofit existing printing presses with inkjet technology, providing options for brand embellishment, market variations, and product variations. Their client base spans direct mail, pharmaceutical, and financial security sectors. They’ve recently announced a partnership with HSA and moved to a new office in Sywell.

Financially, Ultimate Goods Ltd shows a mixed picture. Accumulated depreciation has increased significantly, by 320%, suggesting investment in plant and machinery. However, the number of employees has fallen by 43%, to just four. Bank borrowings have decreased by 14%, to £43,000, and cash reserves have improved by 71%, to £20,000. Creditors have increased by 56%, to £76,000, and other creditors have jumped 160%, to £41,000. Equity has plummeted 86%, to just £300, and net assets have fallen 83%, to £400. It’s a small company, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is likely due to its small size, relying on unaudited statements.

Overall, Ultimate Goods Ltd seems to be facing some financial pressure, with declining equity and net assets. The decrease in employees could be a cost-cutting measure, but it could also reflect changing business priorities. The company's focus on specialized inkjet solutions and its recent partnership suggest a strategy to maintain growth, but the financial numbers indicate a need for careful management.

Registered in England/Wales under the registration number 10645319, with a registered address at CV6 4AD, United Kingdom, Coventry, Bridge House, 9 - 13 Holbrook Lane.

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