Earhart Group Ltd

Earhart Group Ltd is a small, active company based in Derry, Northern Ireland, founded just one year ago in November 2023. With a modest £11 in assets and a virtual address shared by twelve other companies, it’s a lean operation run by two directors and two owners. The company employs just one person and operates in a diverse range of sectors, including retail sales via mail order, educational support, machinery sales, and quantity surveying.

The company’s website, Earhart Developments, showcases a different facet: residential and commercial real estate development. It positions itself as an arm of the larger Earhart Group, focused on creating spaces that inspire and elevate quality of life. The site highlights services like piano restoration and disaster recovery, suggesting a broader scope beyond initial impressions. It’s a little confusing, really.

Financially, Earhart Group Ltd is showing some concerning trends. While the company is small, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its equity sits at a negative -£5,600. Cash reserves are a mere £11, and creditors stand at £5,600. Bank borrowings aren't mentioned, but the overall picture suggests the company is burning through cash rather than accumulating it. The lack of an auditor—likely due to its small size—means the figures are unaudited, which is something to keep in mind.

The company’s diverse activities and negative equity raise questions about its long-term viability. It’s possible the real estate development arm, Earhart Developments, is subsidizing the smaller operations, or perhaps the company is still in its early stages of growth. It's hard to say for sure, but the numbers indicate a need for careful management and a focus on generating positive cash flow.

Registered in Northern Ireland under the registration number NI705066, with a registered address at BT48 0NA, Northern Ireland, Derry, 20c Balliniska Road, Springtown Industrial Estate.

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