Wise Man Products Limited

Wise Man Products Ltd, based in Barnet, UK, is a small, family-run business that’s been active for a decade. Founded in 2014, it employs five people and holds £232,949 in assets. The company operates from a virtual address—where 143 other companies are registered—and is led by two directors and two owners. It’s a family business with an e-commerce site and a solid 4.0 Google rating from 65 reviews, regularly importing soaps, cleaning products, and waxes, with the last import operation made in October 2023.

The company’s website, Spiritual Wellbeing, offers a range of spiritual products, including candles, crystals, incense, and oils. It’s clear that the business is focused on providing a calming and uplifting experience for its customers, with a strong emphasis on sourcing products responsibly from around the world. The website also highlights a niche market, specializing in spiritual candles and even exclusively carrying certain brands internationally. The site's blog and product descriptions suggest a desire to establish itself as an authority in the spiritual wellbeing space.

Financially, Wise Man Products Ltd shows a mixed picture. Cash bank on hand increased by 76% to £220,000, which is a positive sign, while current assets also increased by 79% to £230,000. However, creditors rose slightly by 2.3% to £230,000. The company’s net assets increased by 16% to £280,000, and investments fixed assets have completely disappeared, dropping 100% to zero. 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, but the sudden drop in investments fixed assets raises questions. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Wise Man Products Ltd seems to be doing well, but the sudden changes in investments fixed assets are concerning. The company’s focus on spiritual wellbeing and its strong online presence suggest it has potential for continued growth, but it will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 09090345, with a registered address at EN5 5TZ, Barnet, Hertfordshire, 1 Beauchamp Court, 10 Victors Way.

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