Wellnex Limited

Wellnex Limited, based in Edinburgh, UK, is a small, active company founded five years ago. Despite its status, the company is currently overdue with its accounts and confirmation statements, a situation that may raise concerns. Employing six people, Wellnex Limited holds £112,787 in assets and is managed by a single director and owner, who is also the solo founder. The company regularly imports machinery, boilers, and mechanical appliances, as well as parts, with the last import operation occurring nine months ago. It also exports electrical machinery and equipment, having done so for twelve months, with the last export operation made two months ago.

The company operates in the retail sale via mail order houses or via internet industries. Its website is currently unavailable, making it difficult to assess its online presence and customer engagement.

Financially, Wellnex Limited presents a mixed picture. Cash reserves have decreased by 26%, dropping to £18,000, while bank borrowings have surged by a staggering 1000%, reaching £36,000. Trade debtors have also increased significantly, rising by 160% to £57,000, suggesting potential difficulties in collecting payments. However, creditors have decreased by 93%, which may indicate improved debt management. The company’s net assets have increased by 120%, reaching £55,000, and the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. No auditor is mentioned, likely due to the company's exemption as a small company.

Overall, Wellnex Limited seems to be facing financial pressures, despite its active trading status and regular import/export activities. The rapid increase in bank borrowings and the decline in cash reserves are concerning, but the decrease in creditors suggests some degree of financial control.

Registered in Scotland under the registration number SC645644, with a registered address at EH15 2QA, Scotland, Edinburgh, C/O The Edinburgh Coach & Truck Park 200 Sir Harry Lauder Road, Portobello.

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