Smartway Wholesale Ltd

Smartway Wholesale Ltd, based in Leicester, UK, is a small holding company with an active status, having been incorporated eleven years ago in August 2013. The company holds £1,821,027 in assets and operates from a real address, managed by one director and one owner. It functions as an irregular importer of essential oils and perfumes (with two months of import activity) and a regular exporter of optical and medical tools and devices (five months of export activity).

The company’s website paints a picture of a global pharmaceutical wholesaler, serving healthcare professionals, pharmaceutical companies, and aid organizations. It boasts a network of suppliers from over 40 countries and distribution hubs in locations like Dubai, India, and the EU. The website highlights a wide range of services, including regulatory compliance, strategic planning, and access to medicines, even those that are unlicensed or in shortage. It also has a division dedicated to supporting rare disease initiatives and providing comparator RLD supplies. The site's content is professional and detailed, suggesting a focus on expertise and regulatory knowledge.

Financially, Smartway Wholesale Ltd presents a mixed picture. While current assets increased by 47% to £1,800,000, net assets plummeted by a staggering 190,000%, settling at -£1,100,000. Bank borrowings surged by 2,400% to £29,000, and cash reserves fell 30% to £28,000. Creditors, however, decreased by 18%, indicating improved debt management. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the substantial equity drop raises concerns. The lack of an auditor mentioned—likely due to exemption as a small company—means the figures are unaudited.

The company's significant increase in trade debtors suggests either delayed customer payments or a deliberate expansion of credit terms, which could be a risk. While the export business seems to be performing well, the dramatic decline in equity and the reliance on bank borrowings suggest that Smartway Wholesale Ltd is burning through cash, perhaps to support its global operations. It's possible the company is investing heavily in growth, but the financial data suggests it needs to carefully manage its cash flow to avoid potential issues.

Registered in England/Wales under the registration number 08668939, with a registered address at LE3 5DE, Leicester, The Old Mill 9 Soar Lane, Soar Lane.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.