Wilpack Distribution Limited

Wilpack Distribution Ltd from Loughton UK: small company, active status, founded 2 years ago, 2 employees, £143 assets, virtual address, 2 directors, 2 owners, google rating 3.0 based on 7 reviews. It’s a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company was incorporated on February 06, 2023, and currently employs just two people. The address listed, Honeycombe House, is likely a virtual one, as fifteen companies share the same location. It has a 3.0 rating on Google, based on seven reviews, which isn’t bad, but could be better.

The company operates in the retail sale via mail order houses or via internet industries. There isn’t a website listed, so it’s difficult to determine the specifics of their online presence. It’s possible they operate through third-party marketplaces, or perhaps they’re a wholesale distributor without a direct-to-consumer website. It’s a bit unclear, really.

Financially, Wilpack Distribution Ltd’s numbers are… concerning, to say the least. Current assets are a mere £140, and net assets are a negative £350. Cash on hand is also low at just £140. Bank borrowings have remained steady at £250, and creditors are also steady at £490. The company’s small size does offer some flexibility, but the negative equity suggests it’s burning through cash faster than it’s bringing it in. It’s likely the company is relying on trade credit to keep operations going, which isn’t a sustainable long-term strategy. There’s no auditor mentioned, which is common for small, exempt companies, so the figures are unaudited. It's a bit of a tricky situation, and it’s hard to say what the future holds.

Registered in England/Wales under the registration number 14642826, with a registered address at IG10 4LF, United Kingdom, Loughton, Essex, Honeycombe House, 167-169 High Road.

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