Simple International Ltd

Simple International Ltd, based in Bradford, UK, is a small, active company founded seven years ago in 2017. With a single employee and £26,037 in assets, it operates from a real address and is overseen by two directors and two owners. The company is an irregular importer, primarily dealing in essential oils and perfumes, with just one month of import activity recorded as of October 2024.

The company’s website, PKing Vapes, reveals a surprising focus: disposable vapes. It’s a wholesale distributor, actively seeking to expand its network across the UK, Europe, and internationally. The site prominently features brands like Pking Temptation, EXPOD, and Diamond 7K, and offers wholesale pricing for retail outlets. It’s clear that Simple International Ltd is transitioning from a broader import business to a specialized distributor within the vaping industry.

Financially, Simple International Ltd presents a mixed picture. Current assets have jumped significantly by 140% to £26,000, while net assets have improved from -£890 to -£790. However, cash bank on hand has increased by 11% to £1,300. Trade debtors have surged by an astonishing 1300% to £2,600, which could indicate a rapid expansion of credit terms or challenges in collecting payments. Liabilities have also increased, with creditors up 68% to £27,000 and loans from directors up 150% to £17,000. 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 rising debts suggest a need for careful cash flow management. The accounts are unaudited and were prepared using Taxfiler software.

It seems Simple International Ltd is betting on the vaping market to drive growth, but the increasing debts need to be monitored closely.

Registered in England/Wales under the registration number 11115336, with a registered address at BD8 8BD, England, Bradford, West Yorkshire, Unit 20 Carlisle Business Centre, 60 Carlisle Road.

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