Weshopper Ltd

Weshopper Ltd from London UK: a small, active company founded five years ago in March 2020, holds just £1,256 in assets and operates from a virtual address. It’s a solo founder’s venture, managed by two directors and one owner, Baranyi Richard Ferenc. The company’s activities center around retail sales via mail order and internet, a sector with a lot of competition.

The business is small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Its website, while minimal, suggests a focus on online retail, but it doesn’s particularly clear what products they sell. The registration address, WC2H 9JQ, is shared by a staggering 91,072 other companies, a clear indication of a virtual address.

Financially, Weshopper Ltd’s picture is concerning. Current assets have fallen dramatically by 37%, now sitting at just £1,300. Cash bank on hand has plummeted even further, down 83% to a meager £320. Debtor’s have increased by a whopping 1800%, reaching £930, which could indicate difficulties in collecting payments or an expansion of credit terms. Equity has also taken a hit, dropping 570% to -£2,000. Creditors have risen by 41%, now at £3,200. The company is not audited, which is common for small entities, and the accounts are filleted.

These numbers suggest Weshopper Ltd is burning through cash. The increase in debtors could be a temporary blip, but the decline in cash reserves and the negative equity are worrying signs. It’s a small company, and the solo founder approach can be efficient, but it also puts a lot of pressure on one person. The company's future hinges on its ability to generate sales and manage its finances more effectively.

Registered in England/Wales under the registration number 12524817, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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