Hangerworld Limited

Hangerworld Ltd from Blackpool UK: a small holding company with an active status, was founded 17 years ago and employs 23 people. It holds £861,663 in assets and operates from a real address, managed by three directors and one owner. The company runs an e-commerce site and has a Google rating of 4.0 based on 32 reviews. It regularly imports and exports wood and wood products, with 104 months of import activity and 110 months of export activity.

The company’s website, hangerworld.org, showcases a wide range of hangers for all types of clothing, emphasizing durable materials and thoughtful designs to prevent wrinkles and maximize closet space. It sells everything from toddler hangers to wedding dress storage boxes, catering to both individual customers and bulk buyers. The site also features a blog and contact information for both sales and after-sales support.

Financially, Hangerworld Ltd’s report paints a mixed picture. Current assets have significantly dropped by 38%, falling to £860,000, while net assets have plummeted 54%, reaching £400,000. Bank borrowings have vanished completely, a positive sign, but cash reserves have also decreased by 34%, sitting at £180,000. Creditors have increased by 2.7%, and trade debtors have fallen by 66%, suggesting a change in payment terms. The company’s small size—meeting two of three conditions for being a small company—helps it remain flexible. No auditor is mentioned, which is common for small companies.

The decrease in assets and net assets is concerning, and the increase in creditors suggests the company might be facing some financial pressure. However, the lack of bank borrowings is a positive sign. It’s possible that the company is reinvesting in its business or experiencing temporary cash flow issues. The company's e-commerce site and regular import/export activity indicate ongoing operations, but the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 06480806, with a registered address at FY4 4QQ, England, Blackpool, Lancashire, Prestige House,, Cornford Road.

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