Solstice Distribution Limited

Solstice Distribution Ltd from Tewkesbury UK is a small holding company with an active status, founded five years ago in 2019. The company employs eight people and holds £6,235,322 in assets, operating from a real address and managed by three directors and one owner. It’s a regular importer of electrical machinery and equipment, with 27 months of import activity recorded, and an irregular exporter, having exported for just one month as of September 2023. The company operates in the wholesale of computers, computer peripheral equipment and software industries.

The company’s website, PMP Distribution, is a wholesale supplier of vapes and related equipment, serving customers in Leeds and Manchester. It offers a wide range of products, including disposable vapes, e-liquids, starter kits, and accessories, catering to both retail and wholesale clients. The site’s design is modern and user-friendly, with clear product categories, detailed descriptions, and secure online ordering. It also features a loyalty program and exclusive brands, encouraging repeat business and customer engagement. The site has a blog, and social media presence.

Financially, Solstice Distribution Ltd’s recent performance presents a mixed picture. Cash bank on hand decreased significantly by 83%, dropping to £68,000, while total assets increased by 31%, reaching £6.2 million. However, creditors have risen by 25%, now standing at £4.5 million. Debtor levels have also increased by 32%, now at £3.3 million. Average number of employees has increased by 50%, from eight to twelve. While the company's assets have grown, the increase in liabilities suggests it may be burning through cash to fuel expansion. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited data.

Overall, Solstice Distribution Ltd appears to be a growing business, but it’s important to monitor its cash flow and debt levels to ensure its long-term financial health. The company’s focus on the vape industry, a rapidly evolving market, presents both opportunities and challenges.

Registered in England/Wales under the registration number 12372618, with a registered address at GL20 8ND, England, Tewkesbury, Tewkesbury Business Park Unit 11, Shannon Way, Ashchurch.

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