# INITIIS LTD (12138500)

> INITIIS LTD is an active private limited company (company number 12138500) incorporated on 5 August 2019, registered in Exeter. Its registered activity is retail sale of mobile telephones (SIC 47421). Latest small accounts cover the period ending 31 August 2025, showing net assets of £2.32m and cash of £1.05m, with 42 employees on average. Net assets rose 35% on the prior period (£1.72m).

- Status: Active
- Incorporated: 2019-08-05
- Registered office: Exeter, EX2 7AW
- SIC 47421: Retail sale of mobile telephones
- Next accounts due: 2027-05-31
- Confirmation statement due: 2027-08-19
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 315 comparable companies in Other (median £4,405, upper quartile £15k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-08-31 | £2.32m | £1.05m | £1.74m | £470k | — | — | 42 |
| 2024-08-31 | £1.72m | £745k | £1.27m | £328k | — | — | 34 |

current ratio 5.93; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £2,321,192 at 31 August 2025
- Net assets up 10% or more on the prior period: +35.1% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 5.93
- Cash at bank of £50,000 or more: Cash £1,048,932
- Incorporated five or more years ago: Incorporated 5 August 2019

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Miss Shelley Ann Tape — owns 25–50% of shares, since 2019-08-05
- Mr David William Harris-Heffer — owns 25–50% of shares, since 2019-08-05

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/12138500
HTML: https://firmoscan.com/company/12138500-initiis-ltd