Wonderbox Workshop Limited

Wonderbox Workshop Ltd is a small, active company based in Bristol, UK, founded five years ago in 2020. It holds £228,092 in assets and operates from a virtual address shared by ninety-three other companies, a fact that raises some questions. The business is run by two directors and one owner, and it’s a regular importer of toys, games, and sports equipment, with its last import operation recorded four months ago in November 2023.

The company’s website, Wonderbox Workshop, focuses on children's toys and books, offering a range of products including “Snap Snuggles” books. It also appears to be a publisher, suggesting a creative and potentially diverse operation. The site has a clean design and includes sections for tradeshows, contact information, and terms and conditions, indicating a professional approach to online presence.

Financially, Wonderbox Workshop Ltd presents a mixed picture. Cash bank on hand has increased dramatically, up 590% to £12,000, which is a positive sign. However, net assets have fallen by 220% to just £20,000, and debts have increased significantly. Creditors are up 87%, and bank borrowings have remained steady. Trade debtors have increased by a staggering 340%, which could indicate difficulties in collecting payments, or perhaps a strategic decision to extend credit terms to customers. The company meets two of three conditions to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is common for small companies.

Overall, Wonderbox Workshop Ltd seems to be navigating a period of change. The increased cash reserves are encouraging, but the rise in debts and the decrease in equity suggest that the company is burning through money. The management structure, with two directors, seems stable, but the reliance on a single owner could be a potential risk.

Registered in England/Wales under the registration number 12476186, with a registered address at BS37 6AG, England, Bristol, Gowran House 56 Broad Street, Chipping Sodbury.

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