{"name":"IBCO LIMITED","company_number":"05180507","status":"Active","type":"Private Limited Company","incorporated":"2004-07-15","dissolved":null,"registered_office":"Hulme Hall Lane Lord North Street, Miles Platting, Manchester, M40 8AD","postcode":"M40 8AD","sic_codes":[{"code":46310,"description":"Wholesale of fruit and vegetables"},{"code":46380,"description":"Wholesale of other food, including fish, crustaceans and molluscs"},{"code":46390,"description":"Non-specialised wholesale of food, beverages and tobacco"}],"principal_activity":"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.","previous_names":[],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-09-30"},"employees":{"count":98,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","profit_loss":-232131,"net_assets":1390787,"cash":199661,"average_employees":98},{"financial_date":"2023-12-31","profit_loss":-1400883,"net_assets":1622918,"cash":257686,"average_employees":95},{"financial_date":"2022-12-31","net_assets":3023801,"cash":351408}],"officers":{"current":4,"resigned":2,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":1,"outstanding":1},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"http://ibco.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/ibco","people":"https://www.companiesintheuk.co.uk/company/ibco/people","filing_history":"https://www.companiesintheuk.co.uk/company/ibco/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/05180507","financials":"https://www.companiesintheuk.co.uk/company/ibco/financial","control":"https://www.companiesintheuk.co.uk/company/ibco/control","charges":"https://www.companiesintheuk.co.uk/company/ibco/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/ibco/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/ibco"}