Well Groomed Wizard Ltd

Well Groomed Wizard Ltd from Cranbrook UK is a small, active company founded eight years ago. It holds £3,100 in assets and generates yearly revenue of £10,682, operating as a family business with an e-commerce site. The company, registered at TN17 3HS, England, has two directors and two owners, and is classified as small as it meets two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not providing extensive details, confirms its focus on retail sales. It’s likely the e-commerce site is central to its operations, offering a range of products to online customers.

Financially, Well Groomed Wizard Ltd presents a mixed picture. Current assets have decreased slightly, falling by 6.8% to £3,100, and net assets have also dropped by 24% to £100. Bank borrowings have decreased by 6% to £3,000, and cash reserves have plummeted 100% to zero. Despite these challenges, operating profit has increased by 2.9% to £1,200. The company’s small size helps it remain flexible, but the decline in cash reserves is concerning. The accounts are unaudited, a common occurrence for small companies exempt from audit.

The company’s turnover has fallen by 15% to £11,000, which could be due to various factors, such as increased competition or changing consumer habits. While the company’s creditors have decreased by 6%, suggesting improved debt management, the lack of cash reserves is a significant concern. It's possible the company is relying on trade credit to manage its day-to-day operations, which could become unsustainable if sales continue to decline.

Registered in England/Wales under the registration number 10506501, with a registered address at TN17 3HS, England, Cranbrook, Kent, Spring Cottage, The Hill.

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