Canabiotics Ltd

Canabiotics Ltd, based in Bedford, UK, is a small, active company founded five years ago. Despite a strong 5.0 Google rating from 131 reviews, the business is currently facing some financial challenges, with accounts and confirmation statements overdue for ten months. Employing just one person, the company holds £50,790 in assets and operates from a real address at Havant House. A single director and owner, Sohi Sir Baljinder, manages the business.

Canabiotics Ltd operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet industries. Its website, Naturecan, showcases a range of premium CBD natural wellness products, including oils, gummies, capsules, and skincare items. The site is clearly geared towards e-commerce, with a focus on online sales and subscription models. It offers a wide range of products, including adaptogens, collagen peptides, and vitamins, catering to a health and wellness-focused audience.

Financially, Canabiotics Ltd shows a mixed picture. Cash bank on hand has fallen significantly by 73% to just £5,300, while bank borrowings have decreased by 15% to £43,000. Creditors have also decreased slightly by 2%, suggesting improved debt management. However, net assets have plummeted 63% to -£13,000, a concerning trend. Trade debtors have increased by a substantial 160%, which could indicate difficulties in collecting payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The company's reliance on online sales and the competitive CBD market could be contributing to the financial pressures. While the strong Google rating suggests customer satisfaction, the declining equity and reduced cash reserves raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 11984434, with a registered address at MK42 9QJ, England, Bedford, Havant House, 274 Ampthill Road.

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