Exotic Ltd

Exotic Ltd, based in Stratford-Upon-Avon, UK, is a small, active company founded four years ago. It’s a solo venture, managed by a single director and owner, Hassan Miremadi, and employs just one person. The company holds £468,701 in assets and operates from a real address. While officially categorized as a manufacturer of food products, wholesaler of coffee, and retailer of food, its website reveals a very different focus: the sale of cannabis seeds.

The website, Exotic Seed, is the core of the business. It specializes in rare and unusual cannabis strains, with a strong emphasis on genetics and quality. The site boasts over 20 years of collective experience in the industry and promotes a family-run ethos, with a focus on providing customers with “proven genetics” and “long lasting friendships.” The site also features a blog with articles on cannabis strains and cultivation techniques.

Financially, Exotic Ltd’s recent performance presents a mixed picture. Cash reserves have declined significantly, dropping 47% to £40,000, while bank borrowings have surged by a staggering 2,400%, reaching £110,000. Trade debtors have also increased substantially, rising 140% to £230,000, which could indicate difficulties in collecting payments. On the positive side, current assets have increased by 33% to £470,000, and creditors have risen by 27% to £330,000, suggesting the business is managing its short-term liabilities. Equity, however, has plummeted by 260% to £18,000. The company is exempt from an audit as a small entity.

The sharp increase in bank borrowings and the decrease in cash reserves are concerning, suggesting the company may be burning through money. The increase in trade debtors could be a temporary blip, but it warrants close monitoring. Despite these challenges, the company’s focus on a niche market and its strong online presence could help it weather the storm.

Registered in England/Wales under the registration number 13024535, with a registered address at CV37 7DU, England, Stratford-Upon-Avon, 195 Loxley Road.

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