Cornish Hot Tubs Limited

Cornish Hot Tubs Ltd from Indian Queens, St Columb UK: a small, active company founded seven years ago, employs eight people, and holds £211,816 in assets. It’s a family business with two directors and owners, operating from a real address and run by a solo founder. The company regularly imports inorganic chemicals, with four months of import activity recorded, the last in January 2023.

The company’s core business involves the retail sale of new goods in specialised stores—specifically, hot tubs and related accessories. While a dedicated website isn't readily available, the company’s presence on business directories highlights its focus on providing hot tub sales, servicing, and installation. It seems to cater to both residential and commercial clients, emphasizing quality products and local expertise.

Financially, Cornish Hot Tubs Ltd shows a mixed picture. Current assets have significantly dropped by 51%, falling to £210,000, while net assets have plummeted 57%, sitting at £170,000. Bank borrowings have also decreased, with a 67% reduction in overdrafts. However, trade debtors have dramatically increased by 14000%, reaching £36,000, suggesting potential issues with customer payments. Cash reserves, however, remain relatively stable at £180,000. 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 sharp decline in equity warrants attention. No auditor is mentioned, which is typical for small companies.

Overall, Cornish Hot Tubs Ltd appears to be navigating a period of change. While the business maintains a solid foundation, the financial data suggests a need for careful management to ensure long-term stability—and a bit more attention to those outstanding invoices.

Registered in England/Wales under the registration number 11254778, with a registered address at TR9 6TL, England, Indian Queens, St Columb, Cornwall, Unit 4 Indian Queens Trading Estate, Warren Road.

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