Budbox Limited

Budbox Ltd, based in Harrogate, UK, is a small, active company founded a decade ago in 2014. It’s a solo-founder operation with a single director and one employee, holding assets of £495,895. While it has a registered address, it’s likely a virtual one, as thirty-five companies share the same location. The company is an irregular importer, bringing in furniture, lighting, and prefabricated buildings for a single month in 2021, but it’s a regular exporter, shipping the same goods for three months, with the latest shipment in 2022.

Budbox Ltd specializes in grow tent solutions, as evidenced by its website, BudBox Grow Tents. The site showcases a wide range of tents, from small, affordable options to massive, high-end models, catering to both beginner and experienced growers. The company's website highlights its commitment to quality, durability, and innovation, positioning itself as a leading supplier in the UK grow tent market. It’s clear that Budbox Ltd is focused on e-commerce, with its entire business model centered around online sales and customer engagement.

Financially, Budbox Ltd presents a mixed picture. Cash reserves decreased by 11% to £64,000, while debtors surged by a significant 190% to £140,000, suggesting a potential reliance on customer payments. Creditors also increased by 22% to £260,000. Bank borrowings are fluctuating, with an overdraft increasing to £10,000. Despite these changes, net assets increased by 84% to £170,000. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), Budbox Ltd is exempt from an audit, so the figures are unaudited.

The company’s financial performance suggests it’s growing, but also facing some challenges in managing its cash flow. It’s likely that the increase in debtors is linked to expanding sales, but the company will need to monitor its payment collection processes. The solo founder seems to be managing the business well, but the fluctuating bank borrowings could be a cause for concern.

Registered in England/Wales under the registration number 09038331, with a registered address at HG1 3HJ, Harrogate, North Yorkshire, The Old Coach House Rear Of Eastville Terrace, Ripon Road.

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