The West Lakes Hemp Company Ltd

The West Lakes Hemp Company Ltd from Cleator Moor, UK, is a small, active company founded seven years ago. Employing just two people, it holds £7,583 in assets and maintains a real address. With one director and two owners, it boasts a stellar 5.0 Google rating based on five reviews. The company operates in the retail sale via mail order houses or via internet, and other retail sale not in stores, stalls or markets industries.

The company’s website, The West Lakes Hemp Company, focuses on selling hemp-derived products, likely CBD oils, balms, and related items. It’s an e-commerce operation, with a simple online store showcasing its range and offering secure payment options. The site emphasizes natural, high-quality products and aims to provide a convenient shopping experience for customers seeking hemp-based wellness solutions.

Financially, The West Lakes Hemp Company Ltd presents a mixed picture. Current assets have significantly decreased by 72%, dropping to £7,600, while net assets have plummeted 130%, reaching -£26,000. Bank borrowings are stable, but cash reserves have fallen by 67%, leaving just £200. Creditors have also decreased, suggesting improved debt management, but the substantial equity drop raises concerns. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the negative equity is a red flag. The company is exempt from an audit, so the figures are unaudited.

Overall, The West Lakes Hemp Company Ltd appears to be struggling financially. While the e-commerce side seems active and well-reviewed, the sharp decline in equity and cash reserves suggests the company is burning through money. It’s possible that increased competition in the CBD market or rising costs are impacting profitability.

Registered in England/Wales under the registration number 11277863, with a registered address at CA25 5QA, England, Cleator Moor, Cumbria, The West Lakes Hemp Company Crosfield Garage, Leconfield Street.

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