Choppa Vapes Ltd

Choppa Vapes Ltd from Accrington UK is a small company with an active status, founded seven years ago. It employs three people and holds £75,156 in assets, operating from a virtual address. The company is led by one director and owner, who is also the solo founder, and runs an e-commerce site.

The website showcases a wide range of vaping products, including popular brands like Aspire, Lost Vape, and Uwell. It’s clearly geared towards online retail, with a focus on pod kits, tanks, disposables, and accessories. The site prominently features free UK delivery on orders over £30 and offers a "Deal of the Day" section to attract customers. It also has a wish list feature and a newsletter signup. The site has a very clean look and feel.

Financially, Choppa Vapes Ltd presents a mixed picture. Net assets have significantly decreased by 86%, dropping to just £2,800. Cash reserves have also taken a hit, falling 91% to a mere £85. Interestingly, average number of employees has also decreased by 33%, going from 3 to 2. Creditors, however, have increased by 24%, suggesting the company may be relying more on credit to manage its operations. 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 nimble, but the sharp equity drop raises concerns. The company’s accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The decrease in cash reserves and net assets could be due to increased investment in inventory or marketing to drive sales, or it could signal challenges in managing cash flow. The reliance on credit, as indicated by the rise in creditors, could be a short-term strategy to navigate these challenges, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 11131795, with a registered address at BB5 1LL, United Kingdom, Accrington, Lancashire, 82 Blackburn Road.

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