Vanishing Inc. Uk Limited

Vanishing Inc. Uk Limited is a small, active company based in Gloucester, UK, established ten years ago in 2015. With six employees and £436,120 in assets, it operates from a virtual address—a fact highlighted by the presence of eleven companies registered at the same location. The company has two directors and two owners, although the list of owners changed nine years ago and isn’t exhaustive. It’s a private limited company, and the accounts are unaudited, a common exemption for small businesses.

The company primarily operates in the performing arts industries, specializing in the sale of magic tricks, books, and downloads. Its website, Vanishing Inc., is a comprehensive online store catering to magicians of all levels, from beginners to professionals. It offers a wide range of products, including playing cards, coin gimmicks, magic DVDs, and even masterclass lectures. The site boasts a 4.9 Google rating, indicating strong customer satisfaction and excellent service. The company has dabbled in importing toys, games, and sports equipment for two months, and exporting electrical machinery and equipment for two months, but these activities appear sporadic.

Financially, Vanishing Inc. Uk Limited shows a mixed picture. Cash bank on hand has increased significantly by 69%, reaching £430,000, while debtors have plummeted by 94%, leaving only £880. Creditors have increased by 37%, reaching £53,000, and bank borrowings have increased by 2,400%, reaching £29,000. Net assets have increased by 62%, reaching £400,000, but corporation tax payable has risen sharply to £21,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in bank borrowings and the rise in corporation tax payable suggest the company may be burning through cash to fuel its growth, although the increase in cash bank on hand is a positive sign. The significant increase in bank borrowings and the decrease in debtors are concerning, and the company should monitor these trends closely. The company’s reliance on a virtual address and the lack of an auditor raise some questions about its operational transparency, but its strong online presence and positive customer reviews indicate a thriving business.

Registered in England/Wales under the registration number 09430707, with a registered address at GL1 1JS, England, Gloucester, Gloucestershire, 41 Brunswick Road.

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