Ecigruk Ltd

Ecigruk Ltd, based in Oldbury, UK, is a small, active company founded eight years ago in 2016. Employing nine people and holding £217,763 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports electrical machinery and equipment (139 months) and exports miscellaneous chemical products (107 months).

The company’s website, Ecigruk Ltd, is primarily an e-commerce platform dedicated to the wholesale of vape supplies. It offers a vast range of products including batteries, chargers, coils, disposable vapes, e-liquids, hardware kits, mods, and more, catering to the vaping community. The site emphasizes its UK-based operations, offering shipping worldwide, next-day returns, and a wide selection of brands like Geekvape, VOOPOO, and Aspire. The site also includes a blog with articles on vaping topics, demonstrating a focus on customer education and engagement.

Financially, Ecigruk Ltd presents a mixed picture. Cash bank holdings have significantly decreased by 73%, dropping to £89,000, while debtors have surged by an astonishing 17,000%, reaching £72,000. This could indicate a period of rapid growth in sales but also potential challenges in collecting payments. Current assets have also declined by 65%, falling to £220,000. On a brighter note, creditors have decreased by nearly 94%, reducing to £4,800, suggesting improved management of short-term liabilities. Equity, however, has suffered a substantial loss, increasing to -£620,000. The company qualifies as small, meeting two of the three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

Overall, Ecigruk Ltd seems to be navigating a period of rapid expansion, but the sharp declines in cash and equity warrant careful monitoring. The company’s focus on the vaping market, a sector with evolving regulations, adds another layer of complexity to its financial outlook.

Registered in England/Wales under the registration number 10162888, with a registered address at B69 3EG, England, Oldbury, Unit 5 Flex Space, Roway Lane.

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