Cosmetic Plus Wholesale Ltd

Cosmetic Plus Wholesale Ltd from Altrincham UK: a small, active company founded eleven years ago in 2013. It employs five people and holds assets valued at £2,328,879. The company operates from a virtual address, a bit unusual as sixty companies share the same location. It’s led by three directors and owned by one person, Barron Neil Arthur, who is also the solo founder. Cosmetic Plus Wholesale Ltd regularly imports and exports essential oils and perfumes, with 411 months of import activity and 128 months of export activity recorded.

The company’s core business revolves around the wholesale of essential oils and perfumes, likely supplying retailers or other businesses. It’s unclear if they have their own e-commerce presence, but the lack of a website mentioned in the report suggests a business-to-business model, focusing on bulk sales rather than direct consumer interaction. They operate within the "other business support service activities n.e.c." industries.

Financially, Cosmetic Plus Wholesale Ltd’s performance shows some concerning trends. Current assets have decreased by 13%, dropping to £2,300,000, while net assets have also declined slightly to £530,000. Bank borrowings have increased by 8.3%, reaching £1,400,000, and cash reserves have fallen. Trade debtors have also seen a significant drop of 15%, suggesting potential issues with customer payments. However, creditors have decreased by 52%, which could indicate improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements, as a small company, rely on director-reported data.

Despite the concerning trends, the company’s consistent import and export activity suggests ongoing business operations. The increase in borrowings, however, warrants further investigation. It’s possible the company is investing in inventory or expanding its operations, but the declining cash reserves and rising debt levels should be monitored closely. The lack of an auditor mentioned further emphasizes the reliance on unaudited data.

Registered in England/Wales under the registration number 08621503, with a registered address at WA14 5GL, United Kingdom, Altrincham, C/O Bright Partnership 26 Edward Court, Altrincham Business Park.

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