Frumist Ltd

Frumist Ltd, based in Blackburn, UK, is a small, family business with an active status, established twelve years ago in 2012. Employing nine people, the company holds assets valued at £1,939,739. With a real address and a single director and two owners, it operates as a regular importer and exporter of electrical machinery and equipment, with 3 months of import activity and 15 months of export activity. The company's website highlights its role as manufacturers and distributors of e-liquids, catering to the vaping industry.

The website showcases a wide range of products, including vape kits, disposable vapes, e-liquids, and accessories, with a strong emphasis on age verification and customer support. It also features a newsletter signup and a dedicated wholesale section, suggesting a multi-channel sales strategy. The site’s design and content are geared towards a younger demographic, with a focus on trendy flavors and competitive pricing.

Financially, Frumist Ltd presents a mixed picture. While current assets increased slightly to £1,900,000, cash reserves plummeted 37% to £900,000. Trade debtors have surged by a staggering 230%, indicating potential issues with customer payments or an expansion of credit terms. Creditors also increased by 24%, suggesting higher short-term liabilities. Despite these challenges, net assets remain stable at £1,300,000, and 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. The absence of an auditor mentioned likely means the figures are unaudited.

Overall, Frumist Ltd appears to be navigating a period of growth and change. The company's strong online presence and diverse product range suggest a solid foundation, but the rising debt and declining cash reserves warrant close monitoring. It seems they are expanding quickly, but need to manage their finances carefully to sustain this momentum.

Registered in England/Wales under the registration number 08258143, with a registered address at BB1 3BY, England, Blackburn, Lancashire, Blackburn Business Park Unit 5 & 6, Hutton Street.

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