Vernon Fox Trading Limited

Vernon Fox Trading Ltd from Folkestone UK: a small holding company with an active status, was founded four years ago. The company employs 29 people and operates from a real address, managed by one director and one owner. It runs an e-commerce site and is an irregular exporter of optical and medical tools and devices, with just one month of exports recorded.

The company is a subsidiary of Vernon Fox Solutions, which provides storage, recommerce, and overstock solutions. Vernon Fox Solutions operates from multiple locations across the UK, utilizing 75,000 square feet of warehousing space. Its website highlights services like stock storage, recommerce, and direct purchase of overstock, catering to businesses seeking to maximize their returns. The company even has a history of resolving a significant volume issue for a courier business, turning it into a successful online recommerce operation. Vernon Fox Solutions’ team includes experienced professionals like Managing Director Antony Grodecki, who brings decades of experience in auctions and philately.

Financially, Vernon Fox Trading Ltd shows some concerning trends. Accumulated depreciation for furniture and plant machinery has increased significantly, rising by 190% and 230% respectively. Amounts owed to group undertakings have also jumped dramatically, increasing by 480%. Cash bank on hand has plummeted by 76%, dropping to £76,000, while creditors have risen by 92% to £970,000. Debtors have increased by 120%, reaching £1.5 million. While net assets have grown by 32% to £760,000, the large increase in liabilities suggests the company is burning through cash to fund operations. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rising debt levels warrant close monitoring. As a small company, it is exempt from an audit, relying on unaudited financial statements.

Registered in England/Wales under the registration number 13310505, with a registered address at CT20 3UH, England, Folkestone, Kent, Benham House 1 North Close, Shorncliffe Industrial Estate.

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