Redboxvr Ltd

RedboxVR Ltd, based in Poulton Le Fylde, UK, is a small, active company founded eight years ago. With five employees and £644,135 in assets, it’s a solo-founded operation managed by a single director and owner. The company regularly imports toys, games, and sports equipment (15 months of activity) and exports electrical machinery and equipment (36 months). It has a real address, which is probably real as only one company registered at the address.

RedboxVR’s website reveals a focus on virtual reality solutions for education and commercial use. It’s a supplier of VR headsets from brands like Pico, HTC VIVE, Meta Quest, and Lenovo, offering a range of kits and accessories. They also provide custom cases, charging stations, and virtual field trip creation tools. The website highlights case studies demonstrating the company’s work with organizations like the Royal Air Force Air Cadets and Westminster Business School, emphasizing immersive learning experiences. They even offer a virtual tour creator, allowing users to upload 360 content and lead others on virtual tours.

Financially, RedboxVR Ltd shows a mixed picture. While cash bank on hand increased by 32% to £49,000, creditors jumped significantly by 76% to £150,000. Trade debtors also increased by 68% to £410,000. Equity, however, remained flat at £10. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in creditors and debtors could indicate growing sales but also potential cash flow challenges. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, RedboxVR Ltd appears to be a growing company in a niche market, but its financial health requires close monitoring. The company is doing well, but it’s important to keep an eye on the increase in debt.

Registered in England/Wales under the registration number 10340369, with a registered address at FY6 8JU, United Kingdom, Poulton Le Fylde, G1 Cocker Avenue, Poulton Industrial Estate.

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