Happy Homewares Limited

Happy Homewares Ltd from Bournemouth UK: a small, active company founded seven years ago, employs eight people, and holds £2,070,917 in assets. It operates from a virtual address – a point to note as thirty-six companies are registered at the same location – and is led by a solo founder who also serves as director and owner. The company regularly imports furniture, lighting, and prefabricated buildings (120 months of import activity) and exports miscellaneous metal items (34 months).

The business primarily operates as an online retailer, selling a wide range of home decor and lighting products. Its website showcases a diverse selection, including ceiling lights, lampshades, photo frames, and giftware. The site emphasizes quality, with a focus on stylish designs and competitive pricing. Customers can find everything from modern Scandinavian lighting to traditional Victorian lampshades, and the site even offers a sale section with discounted items. It's a well-designed e-commerce platform, offering free next-day delivery to mainland UK and a 30-day return policy.

Financially, Happy Homewares Ltd presents a mixed picture. While cash reserves increased significantly by 410% to £670,000, net assets only grew by 28% to £1.4 million. Trade debtors increased by 17%, suggesting a potential challenge in collecting payments. Bank borrowings remained constant, and creditors also rose by 16%. The company’s small size – meeting two of three conditions to be considered small – helps it maintain agility. There’s no mention of an auditor, which is likely due to its exemption as a small company. The increase in assets is good, but the rise in debtors could be a concern.

Overall, Happy Homewares Ltd seems to be operating, but the rise in debtors is something to keep an eye on. The business is clearly focused on growing its online presence and offering a wide selection of home decor products.

Registered in England/Wales under the registration number 11320058, with a registered address at BH1 1BZ, United Kingdom, Bournemouth, Dorset, C/O Iwn Accountancy Limited The Echo Building, 18 Albert Road.

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