Vanric Ltd

Vanric Ltd from Swansea UK is a small, active company founded four years ago. With £1,973 in assets, a real address, one director, and one owner, it operates in the retail sale via mail order houses or via internet industries. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 10 employees.

The company's website, Trade Intelligence Global, positions itself as a provider of comprehensive global trade solutions. It offers a range of services, including data analytics, supplier and buyer matching, business expansion services, and trade education. The platform appears to be geared towards businesses involved in importing, exporting, and logistics, offering access to trade data, market insights, and consultancy services. The site is filled with calls to action, encouraging visitors to book demos, contact sales, and explore the platform's capabilities—a clear focus on generating leads and converting visitors into paying customers.

Financially, Vanric Ltd presents a mixed picture. Current assets have fallen by 9.5% to £2,000, while net assets have also declined by 9.1% to -£2,200. Cash bank on hand has plummeted 75% to just £68—a significant drop. Creditors remain relatively stable at £4,200, and loans from directors are also unchanged. The company’s small size and lack of employees (zero reported) suggest a lean operation, but the negative equity and dwindling cash reserves are concerning. The accounts are unaudited and prepared under the small entities regime, relying on director-reported data. It's worth noting that the company's retained earnings accumulated losses have increased.

Overall, Vanric Ltd appears to be a small business navigating challenging financial conditions. While its Trade Intelligence platform shows promise, the company will need to address its negative equity and cash flow issues to ensure its long-term sustainability.

Registered in Wales under the registration number 13305873, with a registered address at SA1 8HT, Wales, Swansea, Swansea, 32 Margaret Street, St Thomas.

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