E.f.g. Housewares Limited

Efg Housewares Ltd, based in Hoddesdon, UK, is a sizable company with a long history, having been active for 57 years. Employing 106 people, the firm holds assets worth £11.1 million and generates annual revenue of £37.6 million. It operates as a holding company with five directors and one owner, managing several other businesses. The company has a virtual address, a detail that warrants further investigation, and maintains an e-commerce site with a respectable Google rating of 4.0 based on 62 reviews.

Efg Housewares is a regular importer, specializing in furniture, lighting, and prefabricated buildings, with 152 months of import activity recorded. It also exports soaps, cleaning products, and waxes, having done so for 141 months. The company’s core business involves wholesale operations, as evidenced by its website, which showcases a vast range of products from various brands.

Financially, Efg Housewares demonstrates a mixed picture. While current assets remain stable at £11.1 million, administrative expenses have increased by 10%, reaching £6 million. Bank borrowings have decreased significantly, falling by 50% to £11,000, and cash reserves have also decreased by 64% to £470,000. Debtors have increased by 9.8%, reaching £5.4 million, while creditors have also risen by 19%, reaching £3.9 million. The company's turnover has remained consistent at £38 million.

The increase in administrative expenses, coupled with the decline in cash reserves, suggests that the company may be facing some financial pressures. However, the increase in debtors could indicate a growing customer base, and the stable turnover suggests that the business remains competitive. The use of a virtual address, while not inherently problematic, warrants further scrutiny to ensure compliance with regulations. The company’s auditor is Haslers, and the accounts are unaudited, which is common for companies of this size.

Registered in England/Wales under the registration number 03530578, with a registered address at EN11 8LQ, United Kingdom, Hoddesdon, Hertfordshire, Building 1 St Cross Chambers, Upper Marsh Lane.

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