Waterbox Aquariums Ltd

Waterbox Aquariums Ltd, based in Staines-Upon-Thames, UK, is a small, active company founded five years ago. Despite its active status, the company is currently facing challenges, with overdue accounts and confirmation statements. It employs just one person and holds £100,215 in assets, generating £371,605 in revenue annually. The company operates from a virtual address, managed by a single director and owner – the solo founder. Waterbox Aquariums regularly imports and exports furniture, lighting, and prefabricated buildings, with 16 months of import activity and 4 months of export activity recorded.

The company's website, Waterbox Aquariums, focuses on providing freshwater and saltwater aquarium systems. It offers a range of products, from complete systems and cabinetry to individual components like heaters, lighting, and filters. The site heavily promotes financing options and emphasizes customer support, with sections dedicated to education, warranty information, and a YouTube channel showcasing aquarium keeping tips. It even has a rewards program and a Facebook group for enthusiasts. The site’s layout suggests a direct-to-consumer e-commerce model, targeting hobbyists and aquarium retailers alike.

Financially, Waterbox Aquariums Ltd presents a mixed picture. While turnover increased significantly by 100% to £370,000, net assets decreased by 15% to -£34,000. Cash bank on hand fell 21% to £18,000, and operating profit loss remained at -£5,300. Creditors decreased by 40%, which is a positive sign, but the drop in net assets and the reliance on bank borrowings—which surged by a staggering 2,400%—indicate potential financial strain. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity raises concerns. No auditor is mentioned, which is typical for small companies.

Overall, Waterbox Aquariums Ltd is navigating a challenging environment. While its e-commerce platform and product range appear well-developed, the financials suggest a company burning through cash. Whether it can sustain its growth and profitability remains to be seen, but the company’s focus on customer support and community engagement could prove crucial in the long run.

Registered in England/Wales under the registration number 12099816, with a registered address at TW18 3BA, England, Staines-Upon-Thames, Rourke House Watermans Business Park, The Causeway.

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