Vetroelite Uk Limited

Vetroelite Uk Ltd, based in London, is a small, active company founded seven years ago. With six employees and £2,118,495 in assets, it operates from a virtual address shared by seventy-seven other companies, a detail that warrants further scrutiny. The company is led by five directors and owned by two individuals, though the full ownership structure may be more complex. It regularly imports glass and glassware—nineteen months of activity reported—and occasionally exports, with one month of export activity recorded.

The company's primary activity appears to be wholesale of china and glassware and cleaning materials, operating within the British Distillers Alliance (BDA). The BDA is a nonprofit organization that provides professional services for independent and craft businesses in the spirits production industry. It represents distillers, rectifiers, and compounders, and aims to promote their interests within the UK and internationally. The BDA's website indicates a focus on advocacy, technical advice, and industry news, suggesting Vetroelite Uk Ltd is actively engaged in this network.

Financially, Vetroelite Uk Ltd shows a mixed picture. Cash bank on hand increased by a healthy 17% to £1,600,000, a positive sign. However, net current assets liabilities increased by 21% to £1,300,000, and total inventories plummeted 80% to just £11,000—a significant reduction. Trade debtors decreased slightly, while trade creditors increased substantially by 1500%, reaching £72,000. The company’s average number of employees decreased by 17% to five. While the company meets the criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the significant increase in trade creditors and the decline in inventories suggest potential cash flow challenges. The lack of an auditor mentioned, likely due to its small size, means the financial statements are unaudited.

Registered in England/Wales under the registration number 10754067, with a registered address at WC2N 5NG, England, London, 38 Craven Street.

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