Brit Wholesale Ltd

Brit Wholesale Ltd, based in Princes Risborough, UK, is a small, holding company with an active status. Founded nine years ago in 2015, the company employs just two people and holds £1,322,592 in assets. It has one director and one owner, and operates from a real address shared by two other companies. The business regularly imports electrical machinery and equipment, with seven months of import activity recorded, the last operation being June 1, 2024.

The company’s website, BritDeals, functions as a wholesale liquidation sales platform. It offers a wide range of products, including lots, promos, and pallet deals, with discounts up to 50% off for first-time buyers. BritDeals emphasizes brand-new, tier-one merchandise, negotiable prices, and rich manifest data. The site also features a multi-warehouse shipping system and a dedicated sales inquiry line. It's a pretty good looking website, and it’s clear they are trying to appeal to a broad audience.

Financially, Brit Wholesale Ltd presents a mixed picture. Cash bank on hand has seen a remarkable increase of 2,400%, jumping to £190,000, which is great. However, creditors have surged by 520%, reaching £1.1 million—a significant rise. Trade debtors remain relatively stable, increasing by just 0.85% to £420,000. Interestingly, other creditors have plummeted by 220%, registering at -£110,000. Total inventories have also seen a substantial increase of 610%, reaching £720,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) allows for agility, but the rise in creditors suggests a potential need to manage debt. The accounts are unaudited and described as "filleted," which is typical for small companies.

Overall, Brit Wholesale Ltd appears to be growing, but it's important to monitor its debt levels. The company’s focus on liquidation sales and its online platform suggest a dynamic business model, but the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 09777096, with a registered address at HP27 0QU, England, Princes Risborough, Wembley Cottage Main Road, Lacey Green.

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