Wer3 Group Ltd

Wer3 Group Ltd is a small, active company registered in London, UK, founded five years ago in 2019. It holds £18,260 in assets, operates from a real address, and is managed by three directors and three owners. The company’s core business revolves around retail sale via mail order houses or via internet.

The company's website, WeR3 Group Ecommerce Business, clearly positions itself as an e-commerce specialist. Since 2018, it has been creating private label brands, sourcing opportunities in the market, and selling them through online and offline stores. The company emphasizes trust, integrity, and simplicity as core values, investing in partnerships and thoroughly assessing potential suppliers to ensure product quality. They operate in over 27 countries, showcasing a global reach.

Financially, Wer3 Group Ltd presents a mixed picture. Current assets have fallen by 47%, dropping to £18,000, while net assets have plummeted 72%, settling at £4,100. Bank borrowings decreased by 24%, reaching £3,300, and cash reserves have fallen dramatically by 95%, leaving just £750. Debtors have increased significantly, rising by 1000% to £12,000, which could indicate a shift in payment terms or potential issues with collections. Despite this, creditors have also decreased by 24%, suggesting some improvement in managing short-term liabilities. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in equity is a cause for concern. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Registered in England/Wales under the registration number 12279522, with a registered address at N14 5JR, England, London, First Floor 10 Hampden Square, Southgate.

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