Wizard Brothers Limited

Wizard Brothers Limited is a small, active company based in Taunton, UK, founded three years ago in January 2022. The company, with just two employees, holds £11,513 in assets and operates from a virtual address shared by 248 other companies – a bit unusual. It's a family business run by two directors and two owners, Escott Michael Peter and Escott Steven John. They retail via mail order and internet, and the company is incorporated at Calyx House, South Road.

The company's website is simple, featuring a "HOME" page and a "Mysite" section, with "2022 Wizard Brothers Limited" at the bottom. This suggests a basic online presence focused on sales.

Financially, Wizard Brothers Limited shows a mixed picture. Cash reserves have fallen by a significant 56%, dropping to £5,900, while trade debtors have skyrocketed by 2700%, reaching £2,600. This could mean they're extending credit to customers or struggling to collect payments. Equity has also decreased by 21%, falling to £10,000. On the positive side, creditors have decreased by 61%, indicating better management of short-term debts. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation charges have increased by 130%, but this is offset by a 31% increase in property, plant, and equipment. The accounts are unaudited, which is common for small companies.

Overall, Wizard Brothers Limited seems to be navigating some financial challenges, but it’s too early to say if it’s burning through money. The increase in debtors suggests a possible need to review credit policies, and the drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 13830412, with a registered address at TA1 3DU, United Kingdom, Taunton, Calyx House, South Road.

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