Admitir Versatile Ltd

Admitir Versatile Ltd is a small, active company based in Hornchurch, UK, founded three years ago. With five employees and £47,933 in assets, it operates as a solo-founded e-commerce business with a single director and owner. The company’s real address is shared by three other businesses, suggesting a relatively common business location.

The website, Admitir Versatile, positions itself as an online destination for fitness needs, offering a range of products including resistance bands, ab rollers, gloves, and waist trainers. The site features a blog with articles on fitness motivation, gym accessories, and home workout equipment, aiming to engage customers and establish expertise. It's clear they're focused on retail via the internet.

Financially, Admitir Versatile Ltd presents a mixed picture. Cash bank on hand decreased by nearly 30% to £16,000, while current assets increased by a substantial 65% to £48,000. However, retained earnings and accumulated losses jumped significantly by 1,100%, reaching £24,000, suggesting a potential reliance on equity funding. Trade debtors have also increased dramatically, rising by 1,800% to £21,000, which could be a concern if payments aren’t collected promptly. It’s a small company, meeting two of three conditions for small business status: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor (likely exempt) means the figures are unaudited.

Overall, Admitir Versatile Ltd appears to be growing, but the increased debt and reliance on equity raise questions about its long-term financial health. It’s a startup burning through money, and while the e-commerce site seems well-managed, the financials suggest it needs to closely monitor cash flow and collections.

Registered in England/Wales under the registration number 14020819, with a registered address at RM11 1UR, England, Hornchurch, 163 Billet Lane.

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