Hairways (hair & Beauty) Limited

Hairways Hair & Beauty Ltd, based in Basildon, UK, is a small, active company celebrating 40 years in business. Founded in 1985 by a solo entrepreneur, it now employs 56 people and holds assets valued at £3,111,885. The business operates from a real address and is managed by four directors, with one owner, Diaper Christopher, at the helm. A strong online presence is maintained through an e-commerce site, earning a perfect 5.0 Google rating from 97 reviews. The company is an irregular importer, primarily dealing with miscellaneous manufactured goods, with the latest import recorded in December 2023.

Hairways specializes in the wholesale of perfume and cosmetics, catering to professional hair and beauty suppliers. Its website showcases a wide range of products, from shampoo and conditioners to hair colour, styling tools, and nail supplies, indicating a diverse product offering. The site is well-organized and easy to navigate, with clear product categories and a user-friendly checkout process.

Financially, Hairways presents a mixed picture. Current assets have decreased by 12% to £3,100,000, while net assets have increased by a modest 2.5% to £3,100,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £28,000. Trade debtors have ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. No auditor is mentioned, likely due to the company's small size and exemption from audit.

Overall, Hairways Hair & Beauty Ltd appears to be a well-established business with a strong online presence and a loyal customer base. However, the recent financial trends suggest that the company may be facing some challenges, and it will be important to monitor its performance closely in the coming months.

Registered in England/Wales under the registration number 01889395, with a registered address at SS14 3GL, Basildon, Essex, Units 24/25 Yardley Business, Park Luckyn Lane Pipps Hill.

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