Volitation Co Ltd

  • Small
  • Active
  • 19 years
  • Accounts overdue 2 years
  • Confirmation overdue 2 years
  • 7 employees
  • £43,839 (assets)
  • Real address
  • 1 director
  • 1 owner
  • Regular importer

Field of Operation

Non-specialised wholesale trade
46900 43787 companies

Website

Social media

Summary

Volitation Co Ltd, based in Colchester, UK, is a small, active company established eighteen years ago. Despite its longevity, the business faces challenges, with accounts and confirmation statements both overdue for two years. Employing just seven people and holding assets of £43,839, it's a compact operation overseen by a single director and owner. The company regularly imports furniture, lighting, and prefabricated buildings, with a history of 48 months of import activity, the last recorded in September 2021.

The company operates in the non-specialised wholesale trade industries, a broad sector that can encompass a wide range of goods and services. While no website is available, this suggests a business-to-business model, likely supplying retailers or other wholesalers rather than selling directly to consumers.

Financially, Volitation Co Ltd presents a concerning picture. While the company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the recent financial data reveals significant issues. Cash bank on hand has plummeted by 90%, falling to just £260. Trade debtors have also seen a dramatic decrease, falling by 94% to just £1,800. Creditors, however, have remained relatively stable, and other creditors, including director's loans, are holding steady at £780,000. The most alarming trend is the significant drop in equity, which has remained at -£1700000. The company's net current assets and liabilities are also negative.

These figures suggest that Volitation Co Ltd is struggling to manage its cash flow. The sharp decline in cash reserves and the increase in bank borrowings indicate that the company is burning through money faster than it’s bringing it in. While the company’s small size allows for agility, the financial pressures raise questions about its long-term viability. The lack of an auditor mentioned likely reflects its status as a small company exempt from an audit, but the unaudited figures underscore the need for careful monitoring and potential adjustments to its business model.

Registered in England/Wales under the registration number 05838028, with a registered address at CO2 8HF, Colchester, Unit 1 Grange Way Business Park, Grange Way.

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

Owners & PSC

  • 6 years
  • 2
  • 50%+

Managers

  • 9 years
Company director

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Compulsory strike-off action has been suspended
  2. First Gazette notice for compulsory strike-off
  3. Confirmation statement made on 2022-02-26 with no updates
See all events

Importer profile by HS codes

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