Creda Ltd

Creda Ltd is a small, active company based in Huntingdon, UK, founded two years ago. With £984,636 in assets and a virtual address shared by many other businesses, it’s a solo-founded operation managed by one director and two owners. The company primarily imports electrical machinery and equipment, with 10 months of import activity recorded, the last in December 2024. It also exports these items, but only for one month, also in December 2024. Creda Ltd operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery industries.

The company’s website, Creda Home Appliances, showcases a range of cookers, from 60cm mini ranges to 100cm ranges, alongside a “Coming Soon” section for refrigeration products. It emphasizes product highlights, warranty registration, and a mailing list subscription, all geared towards an online retail experience. The site also includes a legal disclaimer, privacy policy, and a sitemap, indicating a focus on compliance and user navigation.

Financially, Creda Ltd presents a mixed picture. While current assets have increased significantly to £980,000, net assets have dropped considerably to -£210,000. Bank cash has decreased by 53% to £50,000, and creditors have increased substantially by 55% to £2,600,000. Trade debtors have also increased dramatically, by 19000%, reaching £170,000. The company meets the criteria for a small business—with turnover less than £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from an audit.

Overall, Creda Ltd is facing financial challenges despite its active import and export operations. The significant increase in creditors suggests a reliance on borrowing, while the drop in equity raises concerns about its long-term sustainability. The company's focus on online sales and warranty registration indicates an effort to build a strong customer base, but whether it can overcome its financial pressures remains to be seen.

Registered in England/Wales under the registration number 14079177, with a registered address at PE29 3GH, United Kingdom, Huntingdon, Cambridgeshire, St George's House, George Street.

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