Vape Lock Ltd

Vape Lock Ltd is a small, active company based in Leicester, UK, founded four years ago in 2020. It's a family business with one employee and £29,515 in assets, operating through a virtual address and an e-commerce site. The company is led by one director and has two owners, Umarji Adam and Umarji Zakir.

The Vape Locker website showcases a wide range of vaping products, including disposables, nic salts, devices, pods, coils, and shortfills. It caters to customers in both the UK and Sweden, offering competitive pricing and a user-friendly online shopping experience. The site emphasizes new arrivals, popular brands, and a mystery box option, appealing to a diverse customer base. A prominent age verification banner reinforces its commitment to responsible sales.

Financially, Vape Lock Ltd presents a mixed picture. Current assets increased by a substantial 150% to £30,000, while cash reserves jumped an impressive 830% to £21,000. However, net assets declined by 27% to -£28,000, and creditors rose by 12% to £58,000. Depreciation charges increased by 34%, indicating investment in plant and machinery. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity suggests it’s burning through cash. The accounts are described as “filleted” and unaudited, relying on director-reported data and a production software called VT Final Accounts.

While the company’s e-commerce site appears vibrant and well-stocked, the financial data reveals a need for careful management. The increase in cash reserves is encouraging, but the negative equity and rising creditors suggest it’s operating on a tight margin. Whether it can sustain this growth remains to be seen, but for now, Vape Lock Ltd is betting on its online presence and product selection to drive sales.

Registered in England/Wales under the registration number 13014976, with a registered address at LE1 2AA, England, Leicester, 17-19 Wharf Street South.

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