Joypots Limited

Joypots Limited, based in Loughton, UK, is a small, active company founded nine years ago. With two employees and £348,274 in assets, it's a modest operation overseen by two directors and a single owner. The company enjoys a perfect 5.0 Google rating based on one review, a testament to its customer service. Joypots regularly imports plastics and plastic products, with the most recent import occurring in December 2024.

The company's website showcases a delightful range of confectionery and savoury snacks, marketed under the "Joypots" brand. It offers a variety of gift boxes, bars, pouches, and hampers, catering to special occasions like Mother’s Day, Christmas, and birthdays. The website also features a "JoyBar" section with luxury gold bars, and a "JoyPots Nibbles" range with international flavours. It’s clear the company is focused on gifting and self-indulgence, with an emphasis on quality and appealing packaging.

Financially, Joypots Limited presents a mixed picture. While cash reserves remain relatively stable at £40,000, net assets have significantly decreased by 100%, now sitting at -£340,000. Bank borrowings have also increased substantially, rising by 16% to £25,000. Creditors have increased by 44%, reaching £660,000, suggesting a reliance on trade credit. Despite this, trade debtors have also increased by 24%, which could indicate a growth in sales but also potential issues with customer payments. The company's small size (meeting two of three criteria for being considered small) allows for flexibility, but the decline in equity is a cause for concern. As a small company, it is exempt from an audit, so the financial information is unaudited.

The increase in bank borrowings and the significant drop in equity suggest Joypots Limited may be burning through cash faster than it’s generating revenue. However, the strong Google rating and the focus on gifting—a market often resilient to economic downturns—offer some hope for the future.

Registered in England/Wales under the registration number 10166594, with a registered address at IG10 3TZ, United Kingdom, Loughton, Essex, Grangewood House Oakwood Hill Industrial Estate, Oakwood Hill.

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