Haba Rugs Uk Ltd

Haba Rugs Uk Ltd, based in Spalding, UK, is a small, active company founded six years ago. Employing just two people, it holds assets of £22,907 and operates from a real address in West Pinchbeck. With two directors and owners, Ansari Kamal and Ervankai Jairaj, the company is a regular importer, specializing in carpets and textile floor coverings – a trend that has continued for 17 months, with the last import occurring in January 2023. The company's core business involves the retail sale of carpets, rugs, and floor coverings, operating within specialized stores.

The company’s website is currently unavailable, making it difficult to assess its online presence and e-commerce activities. Without a website, it’s likely Haba Rugs Uk Ltd relies on traditional sales channels or wholesale partnerships to reach its customers.

Financially, Haba Rugs Uk Ltd presents a mixed picture. Current assets have decreased by 34% to £23,000, while net assets have plummeted by a significant 300% to -£15,000. Cash bank on hand has also fallen by 10%, settling at £100. Debtors have experienced a dramatic decline, dropping 88% to just £810, which could indicate improved collection efforts or reduced sales. However, creditors have increased by 53%, reaching £30,000, suggesting increased reliance on short-term financing. The company's small size—meeting two of three conditions for being considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees)—allows for flexibility, but the substantial equity loss warrants attention. As a small company, it's exempt from an audit, and the financial statements are unaudited.

The significant drop in equity could be due to a number of factors, such as increased operating expenses or a slowdown in sales. It’s also possible that the company has made investments in its business, which have not yet translated into increased profits. The decrease in the number of employees, from two to one, could also be a sign of cost-cutting measures.

Registered in England/Wales under the registration number 11440834, with a registered address at PE11 3NF, England, Spalding, Lincolnshire, Benvenute Dozens Bank, West Pinchbeck.

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