IBCO LIMITED
Company number 05180507 · Monitor this company
Executive summary
IBCO Limited is a long-established wholesale food business with stable revenues of approximately £31.7M, but it is operating under significant financial strain characterised by persistent losses, extremely high leverage (91.9%), and dangerously thin liquidity. While the narrowing of losses and recovery of gross margins to 12.6% are encouraging signs of improvement, the auditor's material uncertainty regarding going concern — driven by reliance on short-term invoice financing and cross guarantees with related parties — represents a critical vulnerability. The company is dependent on external and related-party funding to continue trading, and without securing longer-term financing arrangements and achieving profitability, its financial health remains precarious.
Shareholders' funds
£1,390,787
Balance sheet as at 2024-12-31
What it does
The principal activities of the company continued to be wholesale import and export supplying seafood and other foods to the supermarkets in the UK and the operation of a cash and carry business through our restaurant wholesale division.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2004-07-15
- Employees
- 98 (2024 accounts · was 95 in 2023)
- Registered office
- Hulme Hall Lane Lord North Street, Miles Platting, Manchester, M40 8AD
- Postcode
- M40 8AD
- Capital
- 1,000 GBP
- Accounts category
- Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-07-15
- Next due by
- 2027-07-29
Nature of business (SIC)
- 46310 Wholesale of fruit and vegetables
- 46380 Wholesale of other food, including fish, crustaceans and molluscs
- 46390 Non-specialised wholesale of food, beverages and tobacco
Officers 4 current · 2 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — ZA345580 (Tier 1), registered since 2018.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Political donations 2
£5,000 in registered political donations since 2014.
-
Labour Party
-
Labour Party
Source: the Electoral Commission's register of donations — this company's full record, Open Government Licence v3.0.
Contact details
- Website
- ibco.co.uk
A modern, headless e-commerce experience.
Previous registered addresses 2
| Address | Changed on |
|---|---|
| HULME HALL LANE LORD NORTH STREET, MILES PLATTING, MANCHESTER, M40 8AD | 2009-01-26 |
| SEAMARK HOUSE, EDGE LANE, DROYLSDEN, MANCHESTER, M43 6BB | 2008-12-15 |
Among its peers
Top 10%
by shareholders' funds, of 76 similar companies in M
The largest employer among its local peers (98 staff).
Among the oldest 25% of its local peers, trading since 2004.
No.5 of the largest wholesale of fruit and vegetables companies in Manchester →
Competitors Manchester
This company ranks 5 among wholesale of fruit and vegetables in Manchester.
The class of 2004
37%
of the 135,819 companies incorporated in 2004 are still active today; 60% have since been dissolved.
A fact about the year, not a forecast for this company.