Canmart Ltd

Canmart Ltd is a small, holding company based in New Romney, UK, with an active trading status. Founded six years ago in December 2018, the company employs just two people and holds £1,215,473 in assets. It operates from a real address and is overseen by two directors and one owner. Canmart Ltd regularly imports various natural fibers from plants, paper yarn, and fabrics made from paper yarn, with three months of import activity recorded, the last in June 2024.

The company's website reveals a more specialized focus: supplying medical cannabis to the UK market. CanMart positions itself as a UK-wide supplier of cannabis-based medicine, offering services like independent supply chain solutions, bulk imports (leveraging recent legal changes), pharmaceutical storage and distribution, and educational resources. It even works with international UK producers, importing and distributing products to pharmacies. The website highlights the importance of "Tricomes" – the mushroom-shaped structures on cannabis plants – emphasizing their role in producing cannabinoids, flavonoids, and terpenes.

Financially, Canmart Ltd presents a mixed picture. Cash reserves have fallen by a significant 69%, dropping to £20,000, while bank borrowings have increased. Creditors have also risen, although trade debtors have decreased. The company’s equity has taken a hit, with retained earnings accumulating losses of £810,000. Despite these challenges, 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. There's no auditor mentioned, meaning the figures are unaudited.

The company's focus on the medical cannabis sector, while promising, appears to be putting a strain on its finances. Whether Canmart can sustain its growth and navigate the regulatory landscape remains to be seen.

Registered in England/Wales under the registration number 11741517, with a registered address at TN28 8LH, New Romney, Kent, Office 3 Romney Marsh Business Hub, Mountfield Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.