Fragosmic Ltd

Fragosmic Ltd, based in Exeter, UK, is a small, active company established 21 years ago. It employs just three people and holds £70,104 in assets, operating from a real address in the Kaleider Building. The company is run by three directors and two owners, although the list of owners changed seven years ago. It’s an irregular importer, primarily dealing in glass and glassware, with the last import operation occurring two months ago in June 2023.

The company’s website reveals a focus on bespoke fragrance creation and product development for brands and businesses. It positions itself as a local, independent perfumer offering direct access to perfumers rather than salespeople. Fragosmic doesn’s just create fragrances; it offers a full-service solution, including tailored packaging and production support, even supplying finished products to warehouses. It also has a partnership with a larger fragrance house, allowing it to offer production scale and buying power.

Financially, Fragosmic Ltd presents a mixed picture. Current assets have decreased by 43% to £70,000, while net assets have fallen 13% to £28,000. Cash reserves have seen a significant boost, increasing by 220% to £34,000. However, bank borrowings have sharply declined by 87%, reaching just £3,500. Trade debtors have plummeted by 97%, indicating a drastic reduction in outstanding payments. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). As a small company, it’s exempt from an audit, and the accounts are unaudited. The decrease in debtors is a positive sign, but the drop in assets and the reliance on cash reserves suggest the company is managing its finances carefully.

Registered in England/Wales under the registration number 04996767, with a registered address at EX1 1DF, England, Exeter, Kaleider Building Fragosmic Ltd, Kaleider Building.

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