Tropical Aquatics Limited

Tropical Aquatics Limited, based in Wokingham, UK, is a small, active company founded five years ago. With a single employee and £2,991 in assets, it operates from a virtual address shared by 52 other companies, and is led by one director and owner, Derek Gibbons. The business runs an e-commerce site with a stellar 5.0 Google rating from 25 reviews, and regularly imports fish and seafood, including shellfish, with the latest import activity occurring in March 2024.

The company specializes in the retail sale of flowers, plants, seeds, fertilizers, pet animals, and pet food, catering to a wide range of aquatic needs. Its website, tropicalsupplies.co.uk, showcases a vast selection of aquarium supplies, livestock, and accessories, serving both hobbyists and commercial clients. It even has a farm-to-tank initiative aiming to raise 80% of its stock internally by 2027.

Financially, Tropical Aquatics Limited presents a mixed picture. While cash reserves increased by 63% to £520, net assets declined by 25% to -£26,000, and bank borrowings surged by 29% to £2,700. Creditors also increased by 25% to £30,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and only one employee. The lack of an auditor (likely due to its small size) means the figures are unaudited.

The increase in creditors and the negative equity suggest Tropical Aquatics Limited is burning through cash, though the rising cash reserves indicate some improvement. The company’s reliance on a virtual address, however, raises questions about its operational efficiency. It’s clear the business is focused on maintaining its strong online reputation and expanding its product range, but its financial health requires close monitoring.

Registered in England/Wales under the registration number 12169170, with a registered address at RG40 1XJ, United Kingdom, Wokingham, Berkshire, 1 Peach Street.

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