Improveme Ltd

Improveme Ltd, based in Glasgow, UK, is a small, family-run business with an active status, having been founded twelve years ago in 2012. The company employs four people and holds £97,104 in assets, operating from a virtual address shared by fifty-one other companies. It's led by three directors and owned by two individuals, Belinda and Paul Binnie. Improveme Ltd runs an e-commerce site and boasts a stellar 5.0 Google rating from just three reviews. They are regular importers of fats, oils, and waxes from animal, plant, or microbial sources, with five months of import activity recorded, the latest in December 2024.

The company’s website, ImproveMe Quality CBD Products, focuses on selling high-quality CBD products, including oils, soft gels, balms, gummies, and massage oils, alongside more recent additions like Pine Needle Tea and a range of mushroom liquids. They position themselves as a leading UK supplier, even being members of the Cannabis Trades Association. The site highlights natural, safe, and legal products, catering to a health-conscious audience.

Financially, Improveme Ltd’s recent performance presents a mixed picture. Current assets have fallen significantly by 57%, dropping to £97,000, while net assets have plummeted 68% to just £67,000. Cash reserves have also declined by 65%, leaving only £27,000. Bank borrowings have increased, and trade debtors have fallen dramatically, suggesting potential cash flow challenges. Creditors, however, have risen by 26%, which could be a result of increased stock purchases. 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 agility, but the sharp decline in equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's management seems to be stable, with Belinda and Paul Binnie actively involved as directors and owners. The decrease in average employees from four to three could be a sign of streamlining operations, but it also could be a sign of financial strain. Overall, Improveme Ltd appears to be navigating a period of financial adjustment, relying on its e-commerce platform and reputation for quality to sustain its business.

Registered in Scotland under the registration number SC437366, with a registered address at G1 2LW, United Kingdom, Glasgow, C/O Dm Mcnaught & Co Ltd, 166 Buchanan Street.

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