Hats World (mcr) Ltd

Hats World Mcr Ltd, based in Manchester, UK, is a small, active company founded six years ago in 2019. Employing nine people, the business holds £909,428 in assets and operates from a real address. With one director and two owners, Hats World specializes in importing and exporting headgear and accessories, having imported for 18 months and exported for four.

The company's website paints a picture of a wholesale destination for traders and online sellers, offering a wide range of products including hats, socks, underwear, and accessories. It boasts a large showroom and offers both online and phone ordering, with a focus on competitive pricing and quick delivery. The site lists a diverse inventory, from designer bucket hats to magic gloves, catering to various styles and needs. There's a lot of products, and the site is very detailed.

Financially, Hats World shows some interesting trends. Cash bank on hand has seen a significant increase, jumping 220% to £400,000—a positive sign. However, creditors have also increased dramatically, rising 230% to £240,000. Trade debtors have grown too, reaching £260,000. Net assets, however, have increased by 20% to £680,000. It’s a bit of a mixed bag, but the increased cash reserves are encouraging. The company’s size—meeting two of three criteria for being small—allows for flexibility, but the rise in debt warrants attention. The accounts are unaudited, as is common for small companies.

It seems Hats World is expanding its operations, indicated by the increased debt and rising cash reserves. Whether this growth is sustainable will depend on managing those liabilities and maintaining a strong customer base.

Registered in England/Wales under the registration number 11762737, with a registered address at M8 8AN, England, Manchester, 49 Broughton Street.

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