Bks Tradeline Limited

Bks Tradeline Ltd from Halstead UK: a small, active company founded 15 years ago, employs 24 people, and holds £2,807,991 in assets. It operates from a virtual address – a bit unusual as 82 other companies are registered at the same location – and is led by three directors and one owner. With a Google rating of 4.0 based on 17 reviews, it’s a reasonably well-regarded business. The company regularly imports and exports electrical machinery and equipment, with 204 months of import activity and 61 months of export activity recorded.

The company’s website, Bks Tradeline, functions as an online wholesale supplier of vaping products and smoking accessories. It's a one-stop shop for retailers, offering a wide range of items and emphasizing fast customer support. The site clearly targets a specific niche, and the presence of an age restriction suggests a focus on responsible sales.

Financially, Bks Tradeline Ltd presents a mixed picture. While current assets increased by 13% to £2,800,000, cash reserves experienced a significant drop of 39% to £420,000. Trade debtors surged by an astonishing 12,000%, reaching £890,000 – a concerning trend that could indicate payment difficulties. Creditors also decreased by 24%, suggesting better debt management. 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 agility, but the substantial increase in debtors warrants closer attention. No auditor is mentioned, which is typical for a small, exempt company. The company’s net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100.

The company's financial data suggests it may be experiencing some cash flow challenges, despite its continued trading activity. The surge in debtors, coupled with the decline in cash reserves, indicates a need for careful financial management. It's possible that the company is investing in growth, but the financial figures suggest it's burning through money at a rate that needs to be monitored closely.

Registered in England/Wales under the registration number 07144179, with a registered address at CO9 1HZ, United Kingdom, Halstead, Essex, The Maltings, Rosemary Lane.

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