Nirvana Brands Ltd

Nirvana Brands Ltd from Watford UK: large company, holding company, active status, founded 5 years ago, 22 employees, £23,254,535 assets, yearly revenue: £18,619,698, real address, 1 director, 1 owner. Regular importer of essential oils and perfumes (24 months imported). Regular exporter of essential oils and perfumes (18 months exported). It's a sizable operation, meeting the criteria for a large company with turnover exceeding £36 million, balance sheet total over £18 million, and employing more than 250 people. The company operates as a holding company and is currently active.

Nirvana Brands is a fragrance company built on strong foundations, established back in 2002. It's a dynamic business led by Dilesh Mehta, a fragrance entrepreneur with a track record of developing sustainable brand franchises and new distribution channels. The company focuses on indulging authentic experiences, recognizing the growing demand for classic beauty brands. They work with brand owners and fragrance suppliers, developing these brands and providing laser focus on distribution, returning them to growth. This allows the parent company to focus on core franchises while maintaining brands that might otherwise erode.

The company’s website highlights its approachability and agility. It's all about developing latent classics and finding collaboration models that suit the parent company. They’re clearly focused on a niche within the fragrance industry.

Financially, Nirvana Brands Ltd shows a mixed picture. While assets remain substantial at £23,254,535, and revenue reached £18,619,698, some concerning trends emerge. Depreciation impairment for furniture and equipment increased by a hefty 43%, and additional provisions rose significantly. However, administrative expenses did decrease slightly. Bank balances saw a substantial increase, jumping 140%. Creditors, however, increased dramatically by 170%. The company’s average number of employees also increased from 22 to 26.

The company’s tax expense decreased significantly, and cash flow from used in financing activities remained consistent. The company’s turnover increased by 13% to £19 million.

The absence of a mention of an auditor suggests the company is exempt from a full audit, relying on unaudited financial statements. The increase in creditors and the rise in depreciation suggest the company may be burning through cash, though the increase in bank balances offers some reassurance. The company’s focus on niche fragrance brands and its agile approach could help it navigate these challenges, but careful management of cash flow will be crucial.

Registered in England/Wales under the registration number 12286852, with a registered address at WD24 7JG, Watford, Hertfordshire, Amertrans Park, Bushey Mill Lane.

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