Viridico2 Ltd

Viridico2 Ltd is a small, active company based in Southampton, UK, founded four years ago in December 2020. With ten employees and £1,132,746 in assets, it operates from a real address shared by only one other company, suggesting a modest footprint. The company has five directors and is owned by Stewart Daniel James. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with its last import activity recorded two months ago in November 2023.

The company’s website is currently unavailable, making it difficult to determine its specific operations beyond the information provided in the report. However, it is registered as operating in the manufacture of other chemical products n.e.c. industries.

Financially, Viridico2 Ltd shows a mixed picture. While its assets remain relatively stable, key indicators suggest potential challenges. Current assets have fallen by 55%, dropping to £1,100,000, while net assets have plummeted 44%, reaching £1,500,000. Bank borrowings have increased significantly by 2,400%, now at £29,000, and cash reserves have decreased by 64%, sitting at £850,000. Creditors have also decreased by 41%, to £150,000. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the company's small size.

The significant decrease in net assets and the rise in borrowings could indicate the company is burning through cash, potentially due to increased operational expenses or investments. The decrease in cash reserves is concerning, but the reduction in creditors suggests improved debt management. The company’s irregular import activity—just two months of imports—could be a sign of fluctuating demand or supply chain issues.

Registered in England/Wales under the registration number 13063405, with a registered address at SO17 1BJ, England, Southampton, Hampshire, C/O Research & Innovation Services, University Road.

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