The Vitale Group Limited

The Vitale Group Ltd, based in Chester, UK, is a small, active company established 28 years ago. With two employees and £749,768 in assets, it’s a modest operation led by a single director, though no owners are officially listed. The company maintains a real address and has been importing iron or steel products for 10 months, while simultaneously exporting soaps, cleaning products, and waxes for a more substantial 52 months.

The Vitale Group operates within the ‘other manufacturing n.e.c.’ industry, and qualifies as a small company, meeting two of the three conditions: turnover under £10.2 million, a balance sheet total under £5.1 million, and fewer than 50 employees. Current assets have increased by a healthy 9.5% to £750,000, however, cash bank on hand has seen a significant drop of 35%, falling to £110,000. Trade debtors have increased by 7.4% to £210,000, while creditors have surged by a considerable 63%, reaching £160,000. Interestingly, the company’s net losses deepened, with a drop of 73% to just £16,000.

The financial data reveals a mixed picture. While the company’s assets have increased, the decrease in cash reserves and the rise in creditors suggest it might be burning through money faster than it’s bringing it in. The significant increase in trade debtors could indicate difficulties collecting payments, or perhaps a strategy to offer more credit to customers. The lack of an auditor mentioned—likely due to its small size—means these figures are unaudited, so it’s difficult to assess their full accuracy. The company’s reliance on imports and exports, particularly in a volatile global market, could also be contributing to these financial pressures.

Registered in England/Wales under the registration number 03294783, with a registered address at CH1 4QT, United Kingdom, Chester, Unit 1 Minerva Court, Chester West Employment Park.

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