Halo Appliances Ltd

Halo Appliances Ltd, based in Warwick, UK, is a small, active company founded seven years ago. With just two employees and £322,289 in assets, it operates as a retail business selling appliances via mail order and online. The company has two directors and one owner, and maintains a real address. It also has an e-commerce site and a Google rating of 1.0 based on just two reviews. Halo Appliances regularly imports electrical machinery and equipment, with 16 months of import activity recorded, the latest in October 2024.

The company’s website is not available, making it difficult to determine the exact nature of its online presence. However, the business appears to be focused on the retail sale of appliances, likely targeting a specific niche or customer base.

Financially, Halo Appliances Ltd presents a mixed picture. While current assets increased by 30% to £370,000, net assets have decreased by 75% to -£290,000. Bank borrowings have surged by 460%, reaching £180,000, while cash reserves have fallen dramatically. Creditors have also increased by 31%, suggesting a reliance on external financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. The sharp decline in equity is a cause for concern, and the increased borrowings suggest the company may be burning through cash. It's possible that the company has been investing in growth or facing unexpected expenses.

It's important to note that the limited number of Google reviews may not be representative of overall customer satisfaction.

Registered in England/Wales under the registration number 11253591, with a registered address at CV34 6WE, England, Warwick, 33 Pure Offices Plato Close, Tachbrook Park.

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