Well Retail Group Limited

Well Retail Group Limited, based in London, UK, is a small, active company founded four years ago in 2020. With just £695 in assets and a virtual address shared by 652 other companies, it’s a modest operation managed by one director and owner. The company meets two of the three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company operates in the retail sale via mail order houses or via internet industries. Its website, wellretailgroup.com, showcases a focus on innovative retail, specializing in home appliances, personal care, and lifestyle consumer products. It also highlights career opportunities and features a selection of brands it distributes, suggesting a growing presence in both European and international markets. The site’s design is clean and modern, emphasizing a customer-centric approach with a clear focus on online sales.

Financially, Well Retail Group Limited presents a mixed picture. Current assets have seen a dramatic increase, jumping 69,000% to £700, while bank cash has risen to £690. However, net assets have decreased by 70% to -£360, and loans from directors have increased by 240% to £740. Creditors have also risen significantly by 390% to £1100. The company’s small size and lack of employees (zero reported) contribute to its agility, but the decline in equity and increased debt raise concerns. The accounts are described as "filleted" and unaudited, relying on director-reported data. 381 Accountancy and Bookkeeping Services Ltd is the name of the accountants.

In conclusion, Well Retail Group Limited appears to be navigating a period of change, with increased assets but also mounting debts. Whether this is a temporary phase or a longer-term trend remains to be seen, but the company’s focus on online retail and consumer goods suggests a potential for growth—though careful management of its finances will be crucial.

Registered in England/Wales under the registration number 12926001, with a registered address at W1W 7LT, United Kingdom, London, 85 Great Portland Street.

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