Aspire Homeware Ltd

Aspire Homeware Ltd from Birmingham, UK, is a small, active company founded nine years ago in 2015. Employing six people and holding £482,645 in assets, it operates as a solo-founded e-commerce business with a single director and owner. The company’s real address is located in Handsworth, West Midlands, and it's registered with only one other company at the same location.

The business primarily engages in retail sale via mail order houses or via internet, offering a range of homeware products through its e-commerce site. While details about the specific products aren’t readily available, the online presence suggests a focus on accessible and affordable home goods. The company’s website, though not extensively detailed, points to a modern, online-first approach to retail.

Financially, Aspire Homeware Ltd presents a mixed picture. While current assets have increased by a significant 54% to £480,000, net assets have dramatically improved, rising 120% to £46,000 from a negative position. Bank borrowings have decreased by nearly 10%, dropping to £34,000, and cash reserves have seen an impressive 1100% increase, reaching £18,000. However, creditors have also risen by 42%, reaching £480,000, and deferred income has completely disappeared. It's worth noting that the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the fluctuating creditors and deferred income suggest potential cash flow management challenges. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The company’s growth in assets and cash reserves is encouraging, but the increase in creditors warrants closer attention. It's possible that the company is investing in inventory to meet growing demand, or perhaps it's extending credit terms to customers. The sudden disappearance of deferred income is also curious, and it would be helpful to understand the underlying reason. Overall, Aspire Homeware Ltd appears to be navigating the challenges of a growing e-commerce business, but it will need to carefully manage its cash flow and debt levels to sustain its momentum.

Registered in England/Wales under the registration number 09620646, with a registered address at B20 2QQ, United Kingdom, Birmingham, West Midlands, Unit 2, Manthar Estate 269 Wellington Road, Handsworth.

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