Avanak Industries Ltd

Avanak Industries Ltd is a small, active company based in Rugeley, UK, founded three years ago in June 1st, 2021. With £254,309 in assets and a real address at Unit 35 Riverside Industrial Estate, it’s a solo-founded operation run by a single director and owner, Adenuga Prince. The business operates in the retail sale via mail order houses or via internet industries and is a regular importer of miscellaneous manufactured goods, with four months of import activity recorded as of January 2025.

The company's website, Avanak Industries Ltd, showcases a wide range of products, from clothing and accessories to electronics, home goods, and even vehicle accessories. It positions itself as a "procurer of exceptional quality great value retail products," emphasizing customer service and carefully selected merchandise. A trade application enquiry section and social media follow links suggest a desire to expand its customer base.

Financially, Avanak Industries Ltd presents a mixed picture. While cash reserves increased by a significant 280% to £25,000, creditors surged 220% to £310,000. Trade debtors also rose by 120% to £24,000, and inventories jumped 410% to £200,000. Equity, however, declined 53% to -£59,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt and declining equity raise questions about its long-term sustainability. No auditor is mentioned, reflecting its exemption as a small company.

In short, Avanak Industries Ltd is growing, but it's also taking on more debt. The company's focus on online retail and a broad product range suggests a desire to capture a large market share, but its financial health will be a key factor in its future success.

Registered in England/Wales under the registration number 13431212, with a registered address at WS15 2YR, England, Rugeley, Unit 35 Riverside Industrial Estate, Power Station Road.

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