Vape N Quit Limited

Vape N Quit Limited, a small, active company based in Telford, UK, has been operating for a decade. Founded in 2014 by a solo entrepreneur, it currently employs two people and holds £12,783 in assets. The company, boasting a perfect 5.0 Google rating from 114 reviews, has a real registered address and is overseen by one director and two owners.

The business specializes in the retail sale of new goods via mail order and internet, offering a range of vaping products and accessories. Its website, while not a fully developed e-commerce platform, primarily directs users to Facebook for interaction and purchasing. This suggests a reliance on social media for sales and customer engagement, rather than a dedicated online store.

Financially, Vape N Quit Limited’s recent performance presents a mixed picture. Net assets have decreased significantly, falling from -£7,200 to -£17,000—a concerning trend. Cash reserves have also dwindled, dropping 68% to just £210. Bank borrowings have decreased slightly, but creditors have risen considerably, increasing 110% to £11,000. Trade debtors have also decreased, which is a good sign. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decrease in equity suggests it’s burning through cash. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Vape N Quit Limited appears to be facing financial challenges, relying heavily on social media for sales and experiencing a decline in cash reserves. Whether it can sustain its operations and capitalize on its strong Google rating remains to be seen.

Registered in England/Wales under the registration number 09348140, with a registered address at TF2 6ER, Telford, Shropshire, 5 New Street, Oakengates.

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