Buddha Group Limited

Buddha Group Ltd from Warrington UK: a small company with an active status, was founded twelve years ago in 2012. It employs thirty people and holds £4,668,344 in assets, generating £2,875,358 in yearly revenue. The company has a real address, is managed by one director, and owned by one person. It regularly imports furniture, lighting, and prefabricated buildings, with the last import operation occurring three months ago.

The company's website, buddhagroup.co.uk, reveals a focus on sustainable hire for film, TV, and events. It offers equipment hire, dry hire, film, TV location hire, and even boasts a “Team Buddha” and “Sustainable Hire” section. The site’s layout suggests a business specializing in providing equipment and locations for the entertainment industry. It’s a niche market, and the emphasis on sustainability points to a growing demand for eco-friendly options.

Financially, Buddha Group Ltd presents a mixed picture. While turnover increased by 7.3% to £2,900,000, net assets remained relatively stable. However, there are some concerning trends. Cash bank on hand decreased by 11%, and bank borrowings increased by 6.6%. Administrative expenses rose significantly by 17%, suggesting higher operational costs. Despite this, creditors decreased by 13%, indicating better management of short-term debts. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and thirty employees. There is no auditor mentioned, which is typical for small companies.

The sharp increase in administrative expenses, coupled with the decrease in cash reserves, suggests the company might be burning through money. While the growth in turnover is encouraging, it’s important to monitor these trends closely. The company's focus on sustainable hire is a positive differentiator, but it will need to manage its costs effectively to ensure long-term financial health. The director, Rupert Wakefield Oliver, will need to keep a close eye on these figures.

Registered in England/Wales under the registration number 08327189, with a registered address at WA2 0YL, England, Warrington, Cheshire, 11a Olympic Way Olympic Park, Birchwood.

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