Belmont Collectables Ltd

Belmont Collectables Ltd is a small, active company based in Durham, UK, founded three years ago in May 2021. It's a solo founder operation with one director and one owner, Hoggins Graham, and employs just one person. The company holds £14,296 in assets and generated £447 in revenue last year. It operates from a real address and is classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's website, ikoncollectables.com, reveals a wholesale distributor of popular culture merchandise, primarily catering to the Australian and New Zealand markets. It’s a massive operation, listing a vast range of licenses, manufacturers, and product types, from Star Wars and Marvel Comics to board games and apparel. The site showcases a diverse inventory, including action figures, statues, trading cards, and novelty items. It’s clear that ikoncollectables.com is a B2B platform, targeting retailers and wholesalers rather than individual consumers. The site also highlights a range of products made by Ikon Collectables, suggesting a manufacturing arm alongside distribution.

Financially, Belmont Collectables Ltd shows a worrying trend. While cash bank on hand increased slightly to £9,000, the company experienced a significant loss of -£210. Turnover revenue plummeted by 85%, dropping to just £450, and equity is now at a negative £700. Creditors remain steady at £15,000, and administrative expenses were significantly reduced, but the sharp decline in revenue and the negative equity are concerning. The lack of employees (one reported) suggests a lean operation, but the financial pressures are evident. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

It seems Belmont Collectables Ltd is facing challenges in maintaining its wholesale business. The company's large product range and B2B focus suggest a complex operation, and the financial data indicates a need for a change in strategy. While the website presents a picture of a thriving business, the underlying financials paint a different story, and it’s unclear how long the company can sustain this level of operation.

Registered in England/Wales under the registration number 13410818, with a registered address at DH1 2BH, England, Durham, 106 Devonshire Road.

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