Virtual Works 360 Ltd

Virtual Works 360 Ltd, based in Welwyn Garden City, UK, is a small, active holding company established seven years ago in June 2017. With just two employees and £3,052,885 in assets, it operates from a real address shared by a single other company. The business is overseen by one director and two owners, though the list of owners changed a year ago. The company’s status is active.

The firm specializes in importing and exporting essential oils and perfumes, with a consistent record of 176 months of import activity and 89 months of export activity, the latest recorded in February 2025. It operates within the other information technology service activities industries. The company’s website showcases a range of services, including website design, digital marketing, and IT support, suggesting a focus on providing technology solutions to businesses. It appears to be primarily a service-based business rather than a direct e-commerce operation, with no online store visible.

Financially, Virtual Works 360 Ltd presents a mixed picture. While current assets increased by a healthy 14% to £3,100,000, net losses deepened to -£23,000. Bank borrowings decreased by 29% to £110,000, and cash reserves fell 14% to £290,000. Trade debtors decreased significantly by 52%, suggesting improved collection of payments, but creditors increased by a substantial 310%, reaching £650,000. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size and exemption from an audit.

The company’s increased creditors, while potentially reflecting growth, also raise questions about its ability to manage its short-term obligations. The decrease in cash reserves, coupled with the net loss, suggests that Virtual Works 360 Ltd is burning through money. The company’s focus on IT services, combined with its import/export activities, indicates a business model that is reliant on both service revenue and the sourcing of products.

Registered in England/Wales under the registration number 10814230, with a registered address at AL7 1AD, England, Welwyn Garden City, Unit -8 Unit 8 Blenheim Court, Brownfields.

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