Wolfson Brands (uk) Limited

Wolfson Brands Uk Ltd, based in Glasgow, UK, is a sizable company with an active status, operating as a holding company. Established five years ago in August 2019, it employs 31 people and holds assets totaling £24,479,598. The company has a real address and is overseen by one director and one owner. It’s an irregular importer of miscellaneous food products, with just one month of import activity recorded, and a regular exporter, boasting 34 months of export activity.

The company’s core business revolves around the creation and retail of fitness, health, and wellbeing brands, primarily through online channels. Its website highlights a diverse portfolio of brands like CrazyBulk, PhenQ, and TestoPrime, catering to a fitness-focused audience. It also operates FanFuel, an affiliate marketing platform, and BOSS, a proprietary technology system powering its e-commerce operations. The company's website also mentions partnerships with Muscle and Health, a fitness magazine, and emphasizes its commitment to innovation and community building.

Financially, Wolfson Brands Uk Ltd presents a mixed picture. While revenue increased by 22%, reaching £30 million, net assets decreased by 20% to £8.5 million. Bank borrowings surged by 150%, reaching £3.4 million, and cash reserves fell 17% to £910,000. Creditors, however, decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered large, with turnover exceeding £36 million and assets over £18 million. The company’s auditor is not mentioned, likely due to its size.

The significant increase in bank borrowings, alongside the decrease in cash reserves, could indicate increased investment in growth initiatives, or potentially, a need for additional funding. The decrease in net assets, despite revenue growth, suggests increased costs or a decline in asset values. Overall, Wolfson Brands Uk Ltd appears to be a dynamic company navigating the challenges of growth, but its financial health warrants close monitoring.

Registered in Scotland under the registration number SC638930, with a registered address at G4 0LF, Scotland, Glasgow, 12 Payne Street.

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