Great Hobbies Ltd

Great Hobbies Ltd from Huddersfield UK: small company, active status, founded 2 years ago, £8,286 assets, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company was incorporated on September 23, 2022, and currently has one director and owner, Julian Stachniuk. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Great Hobbies, seems to focus on providing crafting supplies and hobby kits, though a full e-commerce platform wasn’s immediately apparent. It’s unclear if the site is fully operational or serves as a catalogue or promotional tool. It's a small operation, and it seems like the owner is doing most of the work.

Financially, Great Hobbies Ltd has shown some positive trends, but also some challenges. Cash bank on hand has increased by a staggering 920%, jumping from £470 to £4,800. Current assets have also seen a dramatic rise, increasing by 1700% to £8,300. However, retained earnings and accumulated losses have decreased by 720%, resulting in a net assets liability of £5,700. Creditors have decreased by 18%, suggesting better debt management. The company's small size helps it stay nimble, but the equity drop raises questions. The accounts are audit exempt with an accountants report, and the company was prepared under the historical cost convention.

While the company's financial position isn't booming, the increase in cash reserves and current assets indicates a potential turnaround. It’s possible the company has secured new customers or streamlined its operations. The lack of employees (zero reported) suggests a lean operation, but the increased liabilities could indicate a need for investment or a reliance on credit.

Registered in England/Wales under the registration number 14371848, with a registered address at HD1 5QU, England, Huddersfield, 13 Edgerton Grove Road.

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