The Hemp Wellness Centre Limited

The Hemp Wellness Centre Ltd from Barnstaple UK: a small, active company founded eight years ago, is currently facing some financial challenges. Accounts are overdue for two years, and confirmation statements haven't been filed in that same period. Despite this, the company maintains a real address, employs just one person, and holds £214,450 in assets, overseen by a single director and owner. It’s a regular importer, primarily of essential oils and perfumes, with five months of import activity recorded.

The company operates in the retail sale via mail order houses or via internet industries. While a website isn't available, this suggests an online presence and direct-to-consumer sales.

Financially, The Hemp Wellness Centre Ltd is showing some worrying trends. Net assets have fallen by a significant 50%, dropping to £26,000. Cash reserves have also declined, though the details are unclear. Creditors have increased by 17%, and trade debtors remain steady. Despite these pressures, the company’s small size (meeting two of three conditions for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for agility. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited.

It’s clear the company is facing some difficulties, but its established import activity and niche product focus could provide a foundation for future growth. Whether it can overcome these challenges and return to financial health remains to be seen.

Registered in England/Wales under the registration number 10353412, with a registered address at EX31 3LZ, England, Barnstaple, Devon, West Park House, Yarnscombe.

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