Toraphene Ltd

Toraphene Ltd, based in Exmouth, UK, is a small holding company with an active status, established six years ago in 2018. Employing just two people, the company holds £249,075 in assets and operates from a virtual address – fourteen other companies are registered at the same location. Five directors and two owners manage the business, which also runs an e-commerce site. Toraphene Ltd regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last four months.

The company’s website, Toraphene Shop, focuses on providing plastic-free, compostable bags – kitchen bin liners, caddy liners, and dog poo bags – marketed as stronger than plastic and better for the planet. The site highlights graphene nanotechnology infusion for enhanced durability and leak-proof performance, alongside a commitment to sustainable materials and ethical production. The website also has a blog and investor relations page.

Financially, Toraphene Ltd shows a mixed picture. While cash bank on hand decreased by 62% to £34,000, net assets increased by 36% to £1.3 million. However, bank borrowings increased by a staggering 2,400% to £29,000, and trade debtors rose by 160,000%, suggesting delayed payments. Creditors, however, decreased by 77%, which is a positive sign. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The average number of employees has increased by 150% to five, which could be a sign of growth. The unaudited financial statements do not mention an auditor.

The increase in bank borrowings and the sharp rise in trade debtors could indicate that the company is investing in its growth or facing cash flow challenges. The decrease in cash reserves, while concerning, could be a result of increased spending on inventory or marketing. It’s clear Toraphene Ltd is a small but ambitious company, betting on a niche market and sustainable products.

Registered in England/Wales under the registration number 11640378, with a registered address at EX8 1BD, United Kingdom, Exmouth, 28 Alexandra Terrace.

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