Harry Allen Limited

Harry Allen Limited is a small, active company based in Folkestone, UK, established eight years ago in 2017. The company, a holding company, employs just one person and maintains a real address. It's overseen by one director and one owner, and operates an e-commerce site. Harry Allen Limited regularly imports art and antiques, with 4 months of import activity recorded, and occasionally exports, with just 1 month of export activity.

The company’s website showcases a wide range of collectible stamps and related items, particularly focusing on country collections. It appears to specialize in stamps from various territories, including Barbados, Belize, Bermuda, and many others. The website highlights a commitment to quality and offers a variety of services, including museum-grade piano restoration and disaster recovery.

Financially, Harry Allen Limited presents a mixed picture. Accumulated amortisation for intangible assets remains constant, while accumulated depreciation for property and equipment also stays the same. However, cash bank on hand has seen a significant jump, increasing by 4400%, reaching £51,000. Creditors have decreased by 20%, and trade debtors have increased by 27%. Net assets have declined by 39%, dropping to £94,000. The company’s small size—meeting two of three criteria for being a small company—allows for flexibility, but the decrease in equity warrants attention. The company’s accounts are unaudited, which is typical for small entities.

The surge in cash reserves suggests a recent influx of funds, perhaps from sales or investments. However, the decrease in net assets indicates that the company may be burning through cash faster than it’s generating it. The company’s focus on niche collectibles and its online presence could be a strength, but the financial pressures suggest a need for careful management.

Registered in England/Wales under the registration number 10611775, with a registered address at CT20 3UH, England, Folkestone, Kent, Benham House 1 North Close, Shorncliffe Industrial Estate.

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