Iremedies Ltd

Iremedies Ltd is a small, holding company based in Manchester, UK, with an active trading status. Founded three years ago in January 2022, the company employs just one person and operates an e-commerce site. It’s managed by one director and has two owners, with a real registered address.

The company’s website showcases a wide range of natural supplements and wellness products, sourced from various brands. It positions itself as a provider of “natural wellness, backed by science,” offering everything from vitamins and supplements to skincare and health foods. The site emphasizes vegan, cruelty-free, and organic options, catering to health-conscious consumers. It also has a blog with articles on wellness topics, like sustainable sourcing and the benefits of non-GMO supplements.

Financially, Iremedies Ltd presents a mixed picture. While cash bank on hand increased significantly by 160% to £9,500, net assets decreased by a substantial 160% to -£110,000. Creditors also rose sharply, increasing by 90% to £140,000, while net current assets plummeted to a negative £8,700. Property, plant, and equipment decreased by 33% to £21,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's exempt from an audit, and the figures are unaudited.

The increase in creditors suggests the company may be relying more on credit from suppliers, which could be a sign of cash flow challenges. The substantial decrease in equity, however, is a more concerning trend, indicating that the company is burning through money faster than it's generating revenue. Despite these financial pressures, Iremedies Ltd appears to be maintaining a strong online presence and a diverse product offering, suggesting a focus on customer acquisition and brand building.

Registered in England/Wales under the registration number 13867712, with a registered address at M27 4AF, England, Manchester, 85 Chorley Road, Swinton.

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