Generation Vr Ltd

Generation Vr Ltd is a small, active company based in Manchester, UK, founded six years ago in 2018. The company holds £36,963 in assets and operates from a virtual address shared by thirty-five other businesses, raising questions about its physical presence. It’s a family business run by two directors and two owners, Tipton Jack Harvey and Tipton Paul Anthony. The company’s core business involves ready-made interactive leisure and entertainment software development, business and domestic software development, and other sports activities. It’s also an irregular importer, with its top import category being Electrical machinery and equipment, totaling one month of imports recorded in 2022.

The company's website is non-existent, making it difficult to assess its online presence and sales strategy. Without a website, it’s unclear how Generation Vr Ltd reaches its customers or whether it operates primarily through partnerships or direct sales.

Financially, Generation Vr Ltd presents a mixed picture. Accumulated amortisation for intangible assets increased by 51%, while depreciation for plant and machinery also rose by 51%. Cash bank on hand grew by 84%, a positive sign, but creditors surged by 16%, reaching £730,000. Equity, however, plummeted by 21%, dropping to -£640,000—a significant decline. Despite this, debtors decreased slightly by 3.4%, suggesting improved debt collection. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

Overall, Generation Vr Ltd appears to be navigating a challenging financial landscape. While it has managed to increase its cash reserves, the substantial decline in equity and the rising creditor base suggest potential financial strain. The company’s irregular import activity and lack of a website further complicate the picture, making it difficult to fully assess its long-term viability.

Registered in England/Wales under the registration number 11449612, with a registered address at M15 4PY, England, Manchester, C/O Christian Douglass Accountants Limited 2 Jordan Street, Knott Mill.

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