Vanconcept Design Ltd

Vanconcept Design Ltd, based in Bordon, UK, is a small, active company founded four years ago. With just one employee and £41,993 in assets, it operates from a virtual address shared by 32 other companies, a detail that raises some eyebrows. Rogers Arron is both the director and owner, acting as a solo founder of the business. The company boasts a perfect 5.0 Google rating from two reviews, a testament to its customer service.

The company’s website, vanconcept Modular Van Conversions, focuses on designing and manufacturing a modular van conversion system called CRUX, alongside self-build products for VW Crafter, Mercedes Sprinter, and MAN TGE van platforms. It caters to the adventure and active lifestyle leisure industries, operating from a workshop in Hampshire, UK. The website clearly positions Vanconcept as an e-commerce business, selling directly to consumers interested in customizing their vans.

Financially, Vanconcept’s report reveals a mixed picture. While current assets grew by 21% to £42,000, net assets increased by 29% to £30,000. However, cash reserves fell by 23% to £13,000, and bank borrowings rose by 24% to £30,000. Trade debtors increased significantly by 150%, suggesting potential issues with customer payments. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the increase in bank borrowings and the drop in cash reserves warrant closer attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Vanconcept Design Ltd appears to be a growing business, but it’s burning through cash at a rate that needs to be managed. The company's reliance on a single individual, Rogers Arron, also presents a potential risk, as does the virtual address.

Registered in England/Wales under the registration number 13327667, with a registered address at GU35 0NH, England, Bordon, Wolfe Mead, Farnham Road.

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