Glamorous Hangups Ltd

Glamorous Hangups Ltd from Cheltenham UK: a small, active company founded four years ago, employs just one person, and holds £9,176 in assets. Operating from a virtual address, the business is led by a solo founder who also serves as director and owner. It runs an e-commerce site selling home décor items.

As a small company, Glamorous Hangups meets two of the three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company operates in the retail sale via mail order houses or via internet, and other retail sale not in stores, stalls or markets industries. The website showcases a wide range of products, from animal wall mounts to vases and planters, catering to a variety of tastes. It also features a "New In" section and collections like "The Monochrome Edit," highlighting seasonal and trending items. The site offers worldwide delivery and accepts a wide range of payment methods, including American Express, Apple Pay, and PayPal.

Financially, Glamorous Hangups Ltd presents a mixed picture. Current assets have fallen by 35% to £9,200, while net assets have dropped 17% to £1,000. Cash reserves have seen a significant decrease of 15%, sitting at £5,000. Trade debtors have plummeted 70%, suggesting improved collection of payments, while creditors have also decreased by 37%. The company’s bank borrowings have increased, reaching £29,000, and the company has seen a 52% decrease in other taxation and social security payable. The company's small size allows it to remain agile, but the drop in equity raises questions about its long-term sustainability. As a small company, it’s exempt from an audit, so the figures are unaudited.

The business appears to be facing some financial pressures, but its focus on a niche market and its well-designed website suggest it has potential to turn things around.

Registered in England/Wales under the registration number 12855992, with a registered address at GL53 0AN, England, Cheltenham, 7 Rockfield Business Park Old Station Drive, Leckhampton.

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