Avvrax Ltd

Avvrax Ltd, based in Northampton, UK, is a small holding company with an active status. Founded 12 years ago in 2012, it employs just four people and holds £2,361,773 in assets. The company has a real address and is managed by two directors and one owner, boasting a 3.0 Google rating from just four reviews. It’s a regular importer, primarily of toys, games, and sports equipment, with its last import activity recorded eight months ago in December 2018.

Avvrax Ltd operates as a distributor, wholesaler, and cash carry business, offering trade-only wholesale support to UK professionals and independent retailers. The company’s website highlights its evolution from clearance products to a diverse catalog of over 150,000 products, including IT products, household goods, DIY supplies, and much more. It sources products from UK and international distributors, and also imports its own branded items. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Avvrax Ltd shows a mixed picture. Cash reserves increased by a healthy 23% to £570,000, while current assets grew by 40% to £2,400,000. However, trade debtors surged by 67% to £1,500,000, which could indicate challenges in collecting payments. Equity also increased by 21% to £2,100,000. Property, plant, and equipment saw a decrease in value, with computer equipment depreciating by 42%. The company is exempt from an audit due to its small size, and the financial statements are unaudited.

Overall, Avvrax Ltd appears to be holding its own, but the increase in debtors warrants close monitoring. The company’s focus on wholesale distribution and its diverse product range suggest a stable business model, though the lack of employees may indicate a lean operation.

Registered in England/Wales under the registration number 08328098, with a registered address at NN5 7UZ, United Kingdom, Northampton, Avvrax House Sheaf Close, Lodge Farm Industrial Estate.

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