Venom Vapes Ltd

Venom Vapes Ltd, based in Trafford Park, UK, is a small, active company founded nine years ago. Despite a solid 4.0 Google rating from 21 reviews, the company currently has accounts overdue for seven months and holds just £28,880 in assets. It’s a solo operation, managed by one director and owner, Singh Amreek. The business regularly imports electrical machinery and equipment, with the last import activity recorded four months ago.

The company operates in the non-specialised wholesale trade industries, and its website is currently unavailable. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Venom Vapes Ltd has experienced a mixed year. Cash reserves have fallen by a significant 47%, dropping to £13,000. Bank borrowings have increased by 5.7%, reaching £53,000, while current assets have also decreased by 31%, now standing at £29,000. Equity has taken a serious hit, plummeting 160% to -£4,800. Despite this, creditors have remained relatively stable, increasing just 3.8% to £53,000, suggesting some degree of debt management. The company’s small size allows for agility, but the substantial equity decline raises concerns about its financial health. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial data indicates it’s burning through cash. The increase in bank borrowings and decrease in cash reserves suggests it’s relying on external funding to cover its expenses. The decrease in equity, while concerning, could be due to a number of factors, such as increased investment in the business or a change in accounting practices.

Registered in England/Wales under the registration number 09924244, with a registered address at M17 1LP, England, Trafford Park, 3 Monde Industrial Estate, Westinghouse Road.

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