Vapehq Limited

VapeHQ Limited, based in Mansfield, UK, is a small, active company established twelve years ago in 2012. Employing nineteen people, it holds £940,114 in assets and operates from a real address at the Millennium Business Park. With two directors and one owner, VapeHQ runs an e-commerce site and has earned a perfect 5.0 Google rating from a single review. The company regularly imports electrical machinery and equipment, with 159 months of import activity recorded, the latest in February 2024.

VapeHQ’s website showcases a wide range of vaping products, from starter kits and e-liquids to disposables and accessories. It emphasizes free next-day delivery on orders over £19.99 and same-day dispatch for orders placed before 4pm. The site actively promotes various brands, including Innokin, VooPoo, and GeekVape, and features a blog with articles on vaping topics. The website is clearly focused on retail sales, with a strong emphasis on convenience and competitive pricing.

Financially, VapeHQ Limited presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased by 34%, reflecting investment in assets. However, bank borrowings have decreased by 26%, and cash reserves have fallen by 19%. Creditors have significantly increased by 72%, which could indicate growing expenses or delayed payments. Despite these challenges, the company's net assets have fallen by only 4.1%, and its turnover is well below the £10.2 million threshold for small companies. Amounts owed by group undertakings have also decreased by 28%. The company’s directors have been signing financial statements, and the company is entitled to exemption from audit under Section 477 of the Companies Act 2006. The accounts are unaudited.

The increase in creditors and decrease in cash reserves suggests VapeHQ may be burning through cash faster than it’s generating revenue. However, the continued growth in assets and the company’s small size—meeting two of three criteria for a small company—indicate a resilient business model. The lack of a mentioned auditor is common for companies of this size, relying on director-reported data.

Registered in England/Wales under the registration number 08310451, with a registered address at NG19 7JX, Mansfield, Nottinghamshire, Unit A Enterprise Road, Millenium Business Park.

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