Cheerful Buddha Limited

Cheerful Buddha Ltd from Barnstaple UK: small company, active status, founded 6 years ago, 2 employees, £407,944 assets, real address, 2 directors, 1 owner. Regular importer of paper and paperboard products (10 months imported). Regular exporter of coffee, tea, mate, and spices (8 months exported). Cheerful Buddha Limited is a private limited company registered in England/Wales with the registration number 11910500. It was founded six years ago on March 28, 2019, and registered at EX32 7DD, England, Barnstaple, 30 Bear Street. Its status is active. Officially, it has one owner or PSCs, two directors, and two employees.

The company operates in the retail sale of beverages in specialised stores industries. Its website, Cheerful Buddha, showcases a range of products including CBD-infused coffee, superfood drinks, and mushroom-based beverages. It’s clearly an e-commerce business, with a focus on health and wellness, and even offers bundles and subscription options. The site highlights "functional mushrooms" and boasts a "Buddha Blog" with recipes and information. The website also has a section for CBD products, with a focus on coffee beans and dark chocolate.

Financially, Cheerful Buddha Ltd shows some concerning trends. While current assets increased by 40% to £410,000, net assets decreased by 30% to £290,000. Bank borrowings increased by 21% to £5,500, and cash reserves fell by 5.4% to £71,000. Creditors, however, increased significantly by 170% to £75,000, suggesting a growing reliance on short-term debt. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity decline is a point of concern. There was no auditor mentioned, likely due to being exempt as a small company.

In short, Cheerful Buddha Ltd seems to be growing its sales but facing financial pressures. The company's focus on niche products and online retail suggests a deliberate strategy, but the rising debt levels warrant close monitoring.

Registered in England/Wales under the registration number 11910500, with a registered address at EX32 7DD, England, Barnstaple, 30 Bear Street.

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