One Pound Vaping Ltd

One Pound Vaping Ltd from Southport UK: a small, active company founded six years ago, currently has accounts overdue by 17 days, holds £53,229 in assets, and operates from a real address. It's led by one director and owned by one person, running an e-commerce site.

The company specializes in selling e-liquids, flavour concentrates, and related products through its website, One Pound Vaping Co. The site offers a wide range of options, including various flavours, high VG liquids, shortfills, and DIY mixing supplies. It’s clear they’re targeting a budget-conscious customer base, with many products priced at just one pound. The website also features a section for five-pound shortfills and DIY flavour concentrates, suggesting a focus on both ready-to-use liquids and custom blending options. They also offer nicotine shots and vegetable glycerine.

Financially, One Pound Vaping Ltd presents a mixed picture. Cash bank on hand increased by 14% to £38,000, which is good news, but creditors have jumped significantly – up 270% to £31,000 within the last year. This could indicate increased reliance on supplier credit. Trade debtors have also risen, suggesting a possible delay in customer payments. Interestingly, the company’s net assets have decreased by 9%, falling to £22,000, and total inventories have risen to £16,000. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

While the business seems to be active online, the increase in creditors and decrease in net assets suggests it might be burning through cash faster than it’s bringing it in. Perhaps increased marketing expenses or supply chain issues are at play. The company's owner, Halsall Mark Stephen, is both the director and sole owner, which is common for small startups.

Registered in England/Wales under the registration number 11424919, with a registered address at PR9 8DE, England, Southport, Unit 19 Dalweb Industrial Estate.

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