Universal Bargain Ltd

Universal Bargain Ltd, based in Salford, UK, is a small, active company established eleven years ago. With seventeen employees and assets totaling £3,693,299, it operates from a real address at 35 Overbridge Road and is overseen by two directors and a single owner, Harindar Singh. The company runs an e-commerce site and specializes in the wholesale of household goods, with a particular focus on electrical machinery and equipment. It regularly imports these goods, having done so for 145 months, with the last import occurring in May 2023. Export activity is minimal, with just one month of exports recorded back in March 2017.

The company’s website, Universal Vaping Supplies, showcases a vast selection of vaping products, including kits, e-liquids, coils, and accessories. It caters to a wide range of brands like Smok, Innokin, Geekvape, and Vaporesso, offering everything from starter kits to high-end mods. The site also features a blog with articles and reviews, demonstrating an attempt to engage with the vaping community and establish expertise. It’s a busy site, clearly focused on online retail.

Financially, Universal Bargain Ltd’s recent performance presents a mixed picture. While cash bank on hand increased significantly by 79% to £1.2 million, current assets also grew by 16% to £3.7 million. However, creditors increased by 17% to £4.1 million, and net assets decreased by 7.6% to £430,000. Debtor values dropped by a large 49%, suggesting a possible issue with customer payments. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in liabilities and decrease in equity warrant closer attention. The accounts are abridged and unaudited, relying on director-reported data, and no auditor is mentioned. The company’s employee numbers increased by 29%, which could be a positive sign, but also adds to overhead costs. It's clear the business is working hard, but the financial data suggests it’s burning through cash a bit faster than it’s bringing it in.

Registered in England/Wales under the registration number 08511656, with a registered address at M7 1SL, Salford, 35 Overbridge Road.

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