Hemp 2 Wellness Ltd

Hemp 2 Wellness Ltd, based in Barnet, UK, is a small, active company founded eight years ago. Despite a promising 5.0 Google rating from one review, the business faces some challenges, with accounts and confirmation statements both overdue for two years. The company employs three people and holds £67,076 in assets, managed by one director and two owners. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not provided, likely reflects this online retail focus. It’s probable that Hemp 2 Wellness Ltd sells health and beauty products, given its name and the current trend toward online wellness retailers. The business likely has an e-commerce platform where customers can browse and purchase products.

Financially, Hemp 2 Wellness Ltd presents a mixed picture. While cash reserves have increased significantly, rising 1200% to £33,000, other areas show concern. Net assets have improved, decreasing by 77% to -£3,400, and bank borrowings have surged 410% to £59,000. Creditors have also increased by 47% to £71,000, suggesting a reliance on short-term financing. The average number of employees has decreased by 33% to two, which could be a cost-saving measure or a reflection of changing business needs. Trade debtors have also increased by 15% to £33,000.

Despite being a small company (meeting two of three conditions for size), the significant increase in bank borrowings and the decrease in net assets suggest that Hemp 2 Wellness Ltd is burning through cash. The company is likely reinvesting in its business to drive growth, but it needs to carefully manage its finances to avoid running into trouble. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited, which adds a layer of uncertainty. The company’s success will depend on its ability to generate sufficient revenue to cover its expenses and repay its debts.

Registered in England/Wales under the registration number 10182300, with a registered address at EN4 9AP, England, Barnet, 1 Westbrook Crescent, Cockfosters.

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