Wonderbag Uk Limited

Wonderbag Uk Limited is a small, active company based in Whitstable, UK, founded six years ago in 2018. It’s a solo founder operation, employing just one person and holding assets of £2,045,491. The company operates from a real address and is led by a single director and owner, Collins Sarah Edith Russell.

Wonderbag Uk Limited specializes in retail sales via mail order and the internet, focusing on its innovative Wonderbag – a nonelectric slow cooker designed to empower communities and tackle the climate crisis. The company’s website highlights its social impact, partnering with organizations to reduce energy bills and offering a carbon finance model to scale up manufacturing and distribution across Africa. They even have a perfect 5.0 Google rating from 15 reviews.

Financially, the company’s trends are mixed. Cash bank on hand has decreased significantly by 66% to £45,000, while bank borrowings have increased dramatically by 320% to £63,000. Creditors have also risen substantially by 180% to £1,600,000. Despite these challenges, current assets have increased by 62% to £2,000,000. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the increase in bank borrowings and decrease in cash reserves suggest it's burning through money. No auditor is mentioned, which is typical for small companies. The company’s focus on social impact and carbon finance is a unique selling point, but its financial health will need careful monitoring.

Registered in England/Wales under the registration number 11634263, with a registered address at CT5 1BX, England, Whitstable, Estuary House, Sea Wall.

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