Hair Dressing Supplies Lincoln Ltd

Hair Dressing Supplies Lincoln Ltd, based in Lincoln, UK, is a small, active company established eight years ago. Employing 23 individuals, it holds assets valued at £1,320,843 and operates from a real address. With two directors and one owner, the company specializes in importing essential oils and perfumes regularly (28 months) and exporting them irregularly (1 month).

The company’s website showcases a wide range of professional hairdressing supplies, from hair colour and bleach to scissors, razors, and styling tools. It operates primarily as an e-commerce business, offering a vast selection of brands and products. The site is well-organized, with clear categories and detailed product descriptions, suggesting a focus on providing a comprehensive online shopping experience for hairdressers. There’s no indication of a physical salon or retail space.

Financially, the company’s performance presents a mixed picture. Average employee numbers have increased significantly by 61%, reaching 37, which could be a positive sign of growth but also suggests increased operating costs. Bank borrowings have decreased by 54%, a welcome change, but cash reserves have plummeted by 89%, leaving only £610. Creditors have also decreased by 54%, which is a good sign. Net assets, however, have fallen by 74%, to £140,000. Trade debtors have increased by 29%, which may indicate difficulties in collecting payments. The company meets the criteria for being a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the small company exemption.

The company’s reliance on imports, particularly essential oils and perfumes, could be vulnerable to supply chain disruptions. The irregular export activity suggests limited international reach. While the e-commerce platform appears well-managed, the declining cash reserves and falling equity raise concerns about the company’s long-term financial stability.

Registered in England/Wales under the registration number 10215759, with a registered address at LN6 9BJ, England, Lincoln, Lincolnshire, 12 Unit 12 Electric Avenue, Witham St Hughs.

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