Releaf Dispensary Ltd

Releaf Dispensary Ltd, based in London, UK, is a small, active company established three years ago. Employing ten individuals, the company holds assets valued at £2,722,748. Despite a virtual address, it operates with four directors and three owners, maintaining a respectable Google rating of 4.0 based on 47 reviews. The company is a regular importer of electrical machinery and equipment, with recent activity recorded just three months ago.

The company's core business revolves around providing medical cannabis treatment and related services. Its website details a comprehensive approach, offering private prescriptions, a starter kit, and a range of products, all geared towards managing various health conditions like chronic pain, mental health issues, and neurological disorders. The site also provides extensive educational resources, including detailed information on different conditions, treatment options, and legal aspects of medical cannabis. It's clear that Releaf Dispensary Ltd aims to be a one-stop shop for patients seeking alternative therapies.

Financially, Releaf Dispensary Ltd presents a mixed picture. While current assets have increased significantly by 380% to £2,700,000, net assets have dramatically increased by 150% to £1,400,000. However, bank borrowings have surged by an astonishing 2,600%, reaching £620,000, and cash reserves have decreased by 30% to £62,000. Trade creditors have also decreased by 15%, suggesting some improvement in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial increase in borrowings raises concerns about its financial sustainability. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s growth in assets and net assets is promising, but the sharp increase in debt warrants close monitoring. The company's reliance on a virtual address, while common, could also be a potential risk factor. Overall, Releaf Dispensary Ltd appears to be a dynamic, albeit financially stretched, business navigating the evolving landscape of medical cannabis in the UK.

Registered in England/Wales under the registration number 14097825, with a registered address at N21 3NA, United Kingdom, London, 1 Kings Avenue.

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