Mineral Republic Ltd

Mineral Republic Ltd, based in East Grinstead, UK, is a small, active company founded four years ago. With three employees and £45,073 in assets, it operates an e-commerce site selling electrolyte minerals—a niche market targeting health-conscious consumers. The company is owned and directed by Banks Camilla Sarah and Guy Murdo Edwards. It’s an irregular importer of organic chemicals, with the latest import occurring just one month ago.

The company's website, Honest Electrolyte, showcases its flagship product: a potassium-rich electrolyte replinisher marketed towards those seeking improved hydration and energy. The site highlights benefits like maximum potassium, calcium, and magnesium content, alongside positive user testimonials. The brand clearly positions itself as a premium, natural alternative to other electrolyte products, emphasizing quality ingredients and a refreshing lemon flavour.

However, a closer look at the company’s financials reveals a concerning trend. While the company is small, meeting two of three conditions to be classified as such, net assets have plummeted by a staggering 110%, dropping from -£58,000 to -£120,000. Cash reserves have also taken a hit, decreasing by 43% to £31,000. Bank borrowings are completely gone, and creditors have decreased by 84%. Trade debtors have increased significantly. The company’s current assets have also fallen by 72% to £45,000. The lack of any mention of an auditor suggests the company is exempt from an audit due to its size.

These figures indicate Mineral Republic Ltd is facing financial challenges. The company’s reliance on a single product line and the significant drop in equity raise questions about its long-term sustainability. It's likely that the company is burning through money, and it needs to find ways to improve its financial performance.

Registered in England/Wales under the registration number 12908167, with a registered address at RH19 4ET, England, East Grinstead, West Sussex, Fairway House, Portland Road.

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