Harts Trading Limited

Harts Trading Limited is a small, active company based in Ilkeston, UK, founded eleven years ago in 2013. With five employees and £761,198 in assets, it operates from a real address and is managed by two directors and owners. The company runs an e-commerce site specializing in the retail of furniture, lighting, and similar items, and regularly imports these goods – a total of 32 months of import activity recorded, with the most recent in July 2024.

The company’s website showcases a wide range of garden furniture, including rattan cube sets, dining sets, and sun loungers. It also offers accessories like cushions, planters, and garden tools, and even heating and cooking equipment. The site highlights various rattan weave styles—from Kingston to Windsor—and emphasizes weather-resistant materials and durable construction. It’s a pretty good selection, really.

Financially, Harts Trading Limited presents a mixed picture. Current assets decreased by 5.8% to £760,000, while net assets increased slightly by 2.0% to £380,000. Bank borrowings increased by 20% to £15,000, and cash reserves plummeted 97% to just £1,700. Creditors decreased by 11%, which is a positive sign. The company qualifies as small, meeting two of three criteria (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). Other creditors, however, have increased significantly by 590% to £110,000, which could be a cause for concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

The sharp decline in cash reserves, despite a slight increase in net assets, suggests the company may be burning through money faster than it’s bringing it in. Perhaps increased marketing efforts or inventory purchases contributed to this trend. The increase in other creditors also warrants further investigation. Despite these challenges, Harts Trading Limited appears to be a well-established e-commerce business with a solid product offering, but it needs to manage its finances more carefully to ensure long-term sustainability.

Registered in England/Wales under the registration number 08607754, with a registered address at DE7 8DU, England, Ilkeston, Derbyshire, Unit 7 Belfield Street.

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