Avanii Ltd

Avanii Ltd, based in Cobham, UK, is a small, active company founded three years ago. With a single employee and £103,485 in assets, it’s a solo founder operation led by a director and owner. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of June 2023. It operates within the "other retail sale not in stores, stalls or markets" industry.

Avanii Ltd’s website highlights a unique business model: providing in-room purchasing options for hotels. It offers curated collections, bespoke products, and travel essentials designed to enhance the guest experience. The company targets hotels worldwide, aiming to provide “convenience, quality, and sustainability.” It’s clear Avanii isn’s a traditional retailer; it’s a supplier of in-room shopping solutions, offering everything from “recharge” kits to “romance” packages.

Financially, Avanii Ltd’s picture is mixed. While net assets have increased by a substantial 140% to -£72,000, this is largely due to a decrease in retained earnings. Cash reserves have increased dramatically, rising 440% to £30,000, which is a positive sign. However, bank borrowings have also increased, with an overdraft rising by 9.4% to £52,000. Trade creditors decreased by 40%, which is good, but the significant increase in tax liabilities (960%) is a concern. 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 likely exempt from an audit, relying on unaudited statements.

Overall, Avanii Ltd appears to be navigating early-stage challenges. The company’s innovative approach to the hospitality sector shows promise, but the financial data suggests it’s burning through cash to fuel growth. Whether the company can sustain its expansion and achieve profitability remains to be seen.

Registered in England/Wales under the registration number 13538205, with a registered address at KT11 1EQ, England, Cobham, Bramley Hedge Farm, Redhill Road.

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