H&q Traders Ltd

Handq Traders Ltd from Kington UK: a small, active company founded two years ago, employs two people, holds £6,452 in assets, and operates from a virtual address. It’s led by one director and owner, who also serves as the solo founder. The company meets two of the three conditions to be considered small: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The business primarily operates in the wholesale of household goods and the retail sale via mail order houses or via internet. It’s a relatively small operation, but its online presence suggests a focus on e-commerce. While no dedicated website is listed, this doesn’t necessarily preclude online sales; it could be operating through third-party marketplaces.

Financially, Handq Traders Ltd presents a mixed picture. Current assets have decreased by 54% to £6,500, and net assets have also dropped, though the equity has increased by 62%. Cash on hand has fallen significantly by 87%, leaving only £640. Trade creditors have decreased by 85%, which is a positive sign, but loans from directors have also fallen by 49%. Tax liabilities have increased dramatically, which may be a cause for concern. The company's small size means it’s likely exempt from an audit, and the accounts are unaudited.

The sharp decline in cash reserves and the increase in tax liabilities suggest that Handq Traders Ltd may be burning through money. However, the decrease in creditors indicates that the company is managing its debt effectively. The company’s solo founder status, while allowing for agility, also means it may lack the resources to weather financial storms.

Registered in England/Wales under the registration number 14224860, with a registered address at LE5 5LB, England, Leicester, 11 Bannerman Road.

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