Essential Brands Limited

Essential Brands Ltd from Bury St. Edmunds UK is a small, active company founded 12 years ago. It employs just one person and holds assets worth £1,350,582, but operates from a virtual address. With a single director and owner—the solo founder—the company appears to be a lean operation.

The company's website showcases a broad range of wholesale products, from mobile phones and gaming accessories to household toiletries and food items. It’s clearly focused on B2B, acting as a wholesaler and etailer, with a particular emphasis on Fast-Moving Consumer Goods (FMCG) and Fast-Moving Consumer Electronics (FMCE). The site highlights a "strategic sourcing ability" and promises to help businesses grow, and mentions a family run business with 30 years of experience.

Financially, Essential Brands Ltd presents a mixed picture. While current assets have surged by a staggering 2,400% to £1,400,000, net assets have plummeted by 3,200% to -£360,000. Bank borrowings have also increased significantly, rising by 21%, while cash reserves have fallen by a substantial 79%. Creditors have seen a dramatic increase of 34000%, suggesting potential cash flow challenges. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no mention of an auditor, which is typical for small companies exempt from an audit.

It's worth noting that the company's equity has taken a significant hit, which could be due to a number of factors, such as increased operating expenses or investments in growth. The large increase in trade debtors could indicate that the company is extending credit to customers, which could be a risky strategy if those customers are unable to pay. The company’s rapid growth may have stretched its resources, but the current financial situation requires careful management.

Registered in England/Wales under the registration number 08042264, with a registered address at LA14 1NB, England, Barrow-In-Furness, Nria Suite, College House, Howard Street.

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