Hardware Lane Distributors Limited

Hardware Lane Distributors Ltd, based in London, UK, is a small, active company founded eight years ago. Employing just five people, the firm holds £778,237 in assets and operates from a virtual address, a point to note given 374 companies share the same location. It's led by two directors and a single owner, who also serves as the solo founder. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of February 2023.

The company’s website presents itself as a sourcing business focused on providing value. It offers a range of services, including product development, sourcing, and distribution of leading global brands. The site highlights partnerships with brands like Monarch, Inabox, Evekare, ProRenovator, Live it, and Groove Furniture. A key feature is the “Request a call back” form, suggesting a focus on personalized service and building relationships. The website also includes an “About Us” section detailing their commitment to strong partnerships and a “Brands” page showcasing their product offerings.

Financially, Hardware Lane Distributors Ltd's numbers paint a mixed picture. While current assets increased by 67% to £780,000, cash bank on hand dropped by a significant 41% to £99,000. Debtors have also surged, increasing by 150% to £490,000, which could indicate a period of rapid growth but also potential challenges in collecting payments. Creditors, however, have more than doubled, rising 110% to £550,000—a sign that the company is relying more on credit to finance its operations. 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 remain flexible, but the increase in debt warrants closer scrutiny. The accounts are unaudited, and no auditor is mentioned.

Registered in England/Wales under the registration number 10258026, with a registered address at WC1N 2EB, United Kingdom, London, 10 John Street.

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