Vortex Enterprises Ltd

Vortex Enterprises Ltd, based in Colchester, UK, is a small, active company established twelve years ago. Despite being flagged with a confirmation statement overdue for a year, it maintains an active status and employs a single individual. The company holds assets valued at £307,123, operates from a virtual address (shared by seventy-four other companies), and is overseen by two directors and three owners. It regularly imports electrical machinery and equipment (for 54 months, with the most recent import in April 2023) and exports toys, games, and sports equipment (for 189 months, with the last export in February 2024).

The company’s website, northerncolchesterbusinessgroup.co.uk, doesn’t directly showcase Vortex Enterprises Ltd’s products but rather promotes a Business Improvement District (BID) initiative. It appears Vortex is involved in the broader effort to enhance Severalls Business Park and its surrounding areas, aiming to create a more desirable place to work and relax. The website lists a wide range of businesses located in the area, from cafes and car parks to schools and veterinary surgeries—suggesting a diverse local economy. The BID’s goals include staff retention, networking opportunities, and assistance dealing with local authorities.

Financially, Vortex Enterprises Ltd’s situation seems concerning. Current assets have plummeted by 71%, dropping from £1,100,000 to just £310,000. Bank cash reserves have also decreased significantly, falling 54% to £260,000. Debtors have fallen by 79%, and trade creditors have vanished entirely. Equity has also taken a hit, decreasing by 70% to £310,000. While creditors have decreased, the overall trend points to a company struggling to maintain its financial footing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in assets and equity is a cause for concern. There is no auditor mentioned, which is typical for companies of this size. It’s likely that the company is burning through cash to sustain operations, although the exact reasons behind this trend remain unclear.

Registered in England/Wales under the registration number 08275710, with a registered address at CO3 3AD, England, Colchester, Essex, Town Wall House, Balkerne Hill.

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