Vegman Limited

Vegman Ltd from Manchester UK: a small, active company founded 13 years ago, employs 23 people, and holds assets valued at £2,512,693. With a real address, two directors, and one owner, it maintains a stellar 5.0 Google rating from 15 reviews. The company is a regular importer, specializing in edible fruits and nuts for the last 43 months.

Vegman Limited operates in the wholesale of fruit and vegetables, a sector known for its competitive nature. The company’s website is not available, making it difficult to assess its online presence and direct sales activities. It’s likely that Vegman Limited primarily serves other businesses, supplying retailers or food service providers with fresh produce.

The company’s financial health presents a mixed picture. While current assets have increased by 32% to £2,500,000, net losses have deepened to -£23,000. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. 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, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in bank borrowings suggests that Vegman Ltd may be burning through cash faster than it’s generating revenue, possibly due to increased operating expenses or investments in inventory. The company’s focus on importing edible fruits and nuts could be affected by global supply chain disruptions or fluctuating exchange rates, which could impact profitability. The increase in trade debtors, while potentially a sign of expanding sales, also indicates a risk of delayed payments and potential bad debts.

Registered in England/Wales under the registration number 08042289, with a registered address at M19 2BL, Manchester, 334 Slade Lane.

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