Retail North Ltd

Retail North Ltd, based in Banbridge, UK, is a small, active company founded seven years ago in 2018. It employs three people and holds £112,190 in assets, operating from a real address and managed by three directors and one owner. The company runs an e-commerce site and regularly imports electrical machinery and equipment, with 7 months of import activity recorded, the latest in December 2024.

The company’s website, Herbalize Store UK, focuses on selling dry herb vaporizers and related accessories. It features a range of products, from portable pens to desktop units, alongside grinders, parts, and guides. The site emphasizes a curated selection, competitive pricing, and a focus on customer service, with a prominent age verification process. It even has a blog with articles on vaporizer reviews and comparisons.

Financially, Retail North Ltd presents a mixed picture. Current assets have significantly decreased by 53%, falling to £110,000, while net assets have also declined sharply, dropping 29% to -£240,000. Cash bank on hand has fallen by a substantial 45%, down to £12,000. Trade debtors have plummeted by 89%, indicating a potential issue with customer payments, and creditors have also seen a dramatic decrease of 100%, down to just £1. On the positive side, the company’s small size (meeting two of three criteria for a small company) allows for agility. The accounts are abridged and unaudited, and no auditor is mentioned.

While the e-commerce side appears active and well-stocked, the financials suggest a company facing challenges. The significant drop in cash reserves and the negative equity position are concerning, and it's possible that the company is burning through cash faster than it's generating revenue. The decrease in creditors, however, could indicate improved debt management.

Registered in Northern Ireland under the registration number NI650267, with a registered address at BT32 3AU, Northern Ireland, Banbridge, 54 Scarva Road.

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