Apollo Birmingham Ltd

Apollo Birmingham Ltd, based in Birmingham, UK, is a small, active company founded five years ago in 2019. With just one employee and £255,806 in assets, it operates from a real address and is managed by two directors, with Chauhan Hitesh being both the owner and a director. The company runs an e-commerce site and has a respectable Google rating of 4.0 based on 38 reviews. It’s an irregular importer, primarily dealing with miscellaneous metal items, with the last import activity occurring one month ago in October 2022.

The company’s website, Apollo Wholesale UK, positions itself as a leading wholesaler supplier in the UK, offering a wide range of products including cosmetics, toiletries, giftware, and party supplies. It caters to retailers and solopreneurs, emphasizing competitive pricing and fast customer support. The site also highlights a diverse selection of products, from high-end pianos to PPE and site supplies, suggesting a broader range of business interests.

Financially, Apollo Birmingham Ltd presents a mixed picture. Current assets have grown by 13% to £260,000, while net assets have decreased by 17% to £75,000. Bank borrowings have increased by 73% to £13,000, and cash reserves have dropped by 73% to £13,000. Creditors have also increased by 20%, suggesting a need to manage debt. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Apollo Birmingham Ltd appears to be a small, e-commerce-focused business navigating the challenges of growth. While its asset base has increased, the decline in net assets and cash reserves suggests it's burning through money. The company's diverse product range and online presence offer potential for future success, but it needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 12197834, with a registered address at B1 2JT, United Kingdom, Birmingham, Lancia House, 52 Gas Street.

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