Vape Clearance Limited

Vape Clearance Limited is a small, active company based in Salford, UK, founded six years ago in 2018. With £15,509,275 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Arora Sunpreet Singh. The company operates in the retail sale of tobacco products in specialised stores. It’s a regular importer of electrical machinery and equipment, with 20 months of import activity recorded, the latest in June 2024.

The company’s website is not available for analysis.

Financially, Vape Clearance Limited shows some interesting trends. While cash reserves surged an impressive 480% to £180,000, creditors ballooned by 480% to £15,000,000. Trade debtors decreased by 32% to £530,000, suggesting improved collection efforts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. Equity increased by 310% to £340,000, a positive sign. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Vape Clearance Limited appears to be experiencing rapid growth, evidenced by the significant increase in assets and cash reserves. However, the substantial rise in creditors suggests the company is relying more on borrowed funds to fuel its expansion. Whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 11474605, with a registered address at M7 1UF, United Kingdom, Salford, Unit 3, 116 Broughton Lane.

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