Prevail Wellness Ltd

Prevail Wellness Ltd is a small, active company based in Bournemouth, UK, founded five years ago in January 2020. It’s a solo operation, employing just one person and holding £27,526 in assets. The company has a real registered address and is managed by a single director and owner. It operates in the physical well-being activities industries and is an irregular importer, with its top import category being optical and medical tools and devices, totaling two months of imports. The last import operation was conducted on June 01, 2022.

The company’s website is currently unavailable, so it’s difficult to ascertain whether it operates an e-commerce platform or primarily engages in business-to-business activities. Without a website, it's hard to get a full picture of its operations.

Financially, Prevail Wellness Ltd presents a mixed picture. While cash reserves increased by 17% to £8,100, current assets remained unchanged at £28,000. However, equity took a significant hit, decreasing by 38% to -£41,000. Creditors decreased by 27%, suggesting improved debt management, but trade debtors increased by 1.9%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop is concerning. No auditor is mentioned, likely due to its small size and exemption from an audit.

The company's financial statements are unaudited and show a concerning trend of negative equity, suggesting it’s burning through cash faster than it’s generating revenue. While the decrease in creditors is a positive sign, the negative equity and lack of substantial assets indicate a need for careful financial management. It's possible the company is in a startup phase, reinvesting profits back into the business, but the lack of information makes it difficult to assess its long-term viability.

Registered in England/Wales under the registration number 12392701, with a registered address at BH9 3PH, England, Bournemouth, 32 Horton Close.

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