Hemp Point Ltd

Hemp Point Ltd, based in Lancaster, UK, is a small, active company founded four years ago. Despite a perfect 5.0 Google rating from 23 reviews, the company currently has overdue accounts for four months and employs just one person. With £3,216 in assets and a virtual address shared by 39 other companies, it's a lean operation managed by three directors and a solo founder, Biroscik Tomas.

The company operates an e-commerce site specializing in premium CBD oils, offering a wide range of products including full-spectrum, broad-spectrum, and isolate oils, as well as vape oils, balms, and terpene-infused options. The website emphasizes quality, fast delivery, member discounts, and guaranteed satisfaction, catering to customers seeking a variety of CBD solutions. It’s clear they’re targeting a specific niche within the UK CBD market, and the website’s design and product descriptions suggest a focus on both quality and customer education.

Financially, Hemp Point Ltd presents a mixed picture. While cash reserves have increased significantly, jumping 960% to £3,200, creditors have also risen sharply, increasing 270% to £3,100. Current assets have also increased by 240% to £3,200. Trade debtors remain constant at £650. The company’s small size—meeting two of three conditions for a small company—helps it stay nimble, but the increase in creditors suggests a need to manage cash flow more closely. The lack of employees (down 100% from one reported previously) may indicate a fully automated operation, or perhaps the founder is handling all aspects of the business. With no auditor mentioned, the financial statements are unaudited.

Overall, Hemp Point Ltd seems to be navigating the challenges of a small e-commerce business. The strong Google rating suggests satisfied customers, but the financial data reveals a need to balance growth with careful cash management.

Registered in England/Wales under the registration number 13173675, with a registered address at LA1 3SW, England, Lancaster, 20 Mannin Way.

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