Gr8 Vape Ltd

Gr8 Vape Ltd from Salford UK: a small, active company founded five years ago, employs three people, and holds £451,315 in assets. It’s a real address with one director and one owner, and boasts a stellar 5.0 Google rating from four reviews. The company regularly imports electrical machinery and equipment, with the last import operation recorded six months ago.

The company operates in the non-specialised wholesale trade industries. While no website is available, this suggests a business-to-business model rather than direct consumer sales. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Gr8 Vape Ltd presents a mixed picture. Cash bank on hand has impressively increased by 140% to £400,000, a good sign. However, bank borrowings have also decreased by 4.6% to £37,000. Creditors have seen a significant shift, with short-term creditors rising by 180% within a year, while long-term creditors decreased by 13%. Trade debtors have fallen by 53%, which is positive, but the company's net assets liabilities have increased by 80% to £320,000. The company's equity has also increased by 80% to £320,000. It's a small company, and no auditor is mentioned, so the accounts are unaudited.

Despite the fluctuating numbers, Gr8 Vape Ltd appears to be holding its own. The increase in cash reserves suggests a period of growth, while the changes in creditor and debtor levels indicate adjustments to payment terms. The company's small size and focus on wholesale trade may provide flexibility in navigating economic challenges.

Registered in England/Wales under the registration number 12112205, with a registered address at M7 1SL, England, Salford, 39 Overbridge Road.

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