Spa Vapes Ltd

Spa Vapes Ltd, based in Cheltenham, UK, is a small, active company established eleven years ago in 2014. Employing eight people, it holds £149,841 in assets and operates from a real address on Mead Park Industrial Estate. The business is run by one director and one owner, and it runs an e-commerce site selling vaping products. It regularly imports electrical machinery and equipment, with a history of imports spanning six months, the last operation occurring in October 2016.

The company’s website, Spa Vapes, positions itself as a trusted online vape shop, offering a wide range of e-liquids, vape kits, pods, and accessories. The site emphasizes a safer alternative to smoking, promoting the benefits of vaping for those looking to quit. It also features a loyalty scheme and a blog with vaping news, showcasing a commitment to customer engagement and industry awareness. The site is well-designed and easy to navigate, with clear product categories and attractive visuals.

Financially, Spa Vapes Ltd presents a mixed picture. Current assets have decreased by 5.7% to £150,000, while trade debtors have increased significantly by 74% to £23,000. Bank borrowings have decreased by 48% to £7,600, and cash reserves have fallen 7.6% to £15,000. Creditors have decreased by 16%, which could indicate better debt management. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Spa Vapes Ltd appears to be a small, online business facing some financial pressures. The company’s focus on customer loyalty and its well-designed website suggest a commitment to growth, but the declining assets and rising debtors could be a cause for concern.

Registered in England/Wales under the registration number 08990693, with a registered address at GL53 7EF, England, Cheltenham, Unit 4 Mead Park Industrial Estate, Mead Road.

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