Drip Hacks Limited

Drip Hacks Limited is a small, active company based in Congleton, UK, established nine years ago in 2015. With 18 employees and £595,644 in assets, it's a family-owned business led by two directors and owners, Smith Euan and Smith Robert. The company operates in the other retail sale not in stores, stalls or markets industries and regularly imports and exports essential oils and perfumes – nineteen months of import activity and fifty months of export activity, the latest in January 01, 2025. Its website, Drip Hacks Wholesale, showcases a wide range of e-liquids, concentrates, and related products, catering to the vaping industry. The site highlights award-winning flavours, bulk options, and next-day delivery, suggesting a focus on wholesale distribution.

The company’s website reveals a B2B focus, with a dedicated section for wholesale customers and a focus on competitive pricing. It also features a physical address and contact information, reinforcing its legitimacy. The site’s design is functional and straightforward, prioritizing product listings and ease of navigation. It’s clear Drip Hacks Limited is aiming to serve the wholesale market within the vaping sector.

Financially, Drip Hacks Limited presents a mixed picture. While current assets increased slightly to £600,000, net assets decreased by 20% to £390,000. Bank borrowings were reduced by 30% to £120,000, and cash reserves fell 10% to £110,000. Creditors decreased by 30% to £230,000, and trade debtors saw a significant drop of 62% to £33,000. 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 flexibility, but the decrease in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

Overall, Drip Hacks Limited appears to be navigating a competitive market. While it’s reduced its debt and managed its creditors, the decrease in equity and cash reserves suggests potential financial strain. The company’s focus on wholesale distribution and its online presence indicate a strategic approach, but its long-term success will depend on maintaining profitability and managing its financial resources effectively.

Registered in England/Wales under the registration number 09755282, with a registered address at CW12 1PN, England, Congleton, Unit 4 Riverdane Road, Eaton Bank Trading Estate.

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