Vitta Group Limited

Vitta Group Limited, based in Peterborough, UK, is a small holding company with an active status, established three years ago. Employing 33 individuals and holding assets totaling £3,784,446, the company operates from a virtual address—a point of note as ten companies share the same location. Led by two directors and a single owner, Vitta Group is a regular importer and exporter of optical and medical tools and devices, with 115 months of import activity and 70 months of export activity recorded.

The company’s website, hellovittawholesale.com, showcases a broad range of products catering to science education and laboratory settings. It's not a straightforward e-commerce site; instead, it functions as a wholesale platform for science supplies, including biology, chemistry, physics equipment, labware, and safety gear. The site emphasizes serving "life critical industries," such as education, pharmaceuticals, and testing laboratories, and highlights exclusive products and ranges. It even offers marketing support for distributors.

Financially, Vitta Group Limited’s recent performance presents a mixed picture. Current assets have decreased by 12%, falling to £3,800,000, while net assets have significantly declined by 54%, settling at -£14,000. Bank borrowings have increased by 4.2%, reaching £460,000, and cash reserves have improved by 140%, rising to £430,000. Trade debtors have fallen by 26%, dropping to £2,100,000, and creditors have decreased by 25%, settling at £430,000. The company’s small size—meeting two of three conditions for being considered small—helps it maintain agility, but the sharp decline in equity raises questions. The auditor, Streets Audit LLP, has issued an unqualified opinion, but the unaudited nature of the financials means the figures should be viewed with some caution.

The company’s increased reliance on bank borrowings and the drop in equity suggest it may be burning through cash reserves to fund operations. The strong growth in cash, however, indicates that the company is managing its working capital effectively. It’s likely that the restructuring in August 2023, mentioned in the report, has positively impacted the company’s profitability and cash flow.

Registered in England/Wales under the registration number 13546793, with a registered address at PE2 6YS, England, Peterborough, Ashurst House Bakewell Road, Orton Southgate.

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