Bearhugs Gifts Limited

Bearhugs Gifts Ltd from Sheffield, UK, is a small, active company founded eight years ago. With twelve employees and £39,778 in assets, it’s a solo-founded operation run by a single director and owner, Faye Savory. The company operates an e-commerce site with a stellar 5.0 Google rating from 48 reviews, specializing in "hug in a box" gifts.

The website, BearHugs, offers a range of ready-to-go gift boxes and allows customers to build their own, catering to various occasions like birthdays, sympathy, and get-well wishes. The site also features a corporate gifting section and a blog, reinforcing its brand as a purveyor of comfort and connection. Currently, the company is temporarily closed while Faye welcomes a new addition to her family, with orders not dispatching until May.

Financially, Bearhugs Gifts Ltd presents a mixed picture. While current assets are at £40,000, a decrease of 7.7% from the previous year, cash reserves have fallen significantly by 62%, now sitting at just £5,400. Debtor’s have increased by a substantial 170%, suggesting potential issues with customer payments. On a positive note, creditors have decreased by 35%, indicating improved debt management. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the drop in equity—a staggering 100%—raises concerns. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Bearhugs Gifts Ltd seems to be navigating a challenging period. The temporary closure and financial pressures suggest a need for careful management, but the company’s strong brand and loyal customer base offer a foundation for future success.

Registered in England/Wales under the registration number 10705466, with a registered address at S6 2UP, England, Sheffield, 372 Langsett Road.

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