Hazindak Ltd

Hazindak Ltd is a small, active company registered in London, UK, founded three years ago. It’s a solo venture, managed by one director and owner, with a single employee and £20,033 in assets. The company operates from a virtual address, shared by 195 other businesses, which raises some questions.

Hazindak Ltd runs a lifestyle store, selling home decoration items, candles, rugs, mats, and kitchenware through its website. The site showcases a curated selection of independent design products, sourced vintage rugs, and hand-poured candles, appealing to customers seeking unique and stylish home accessories. The website’s design is clean and easy to navigate, with clear product categories and a simple checkout process. It also has a blog section.

Financially, Hazindak Ltd's figures present a mixed picture. Cash bank on hand increased significantly by 120% to £16,000, which is good news. However, creditors increased by 32% to £12,000, and trade debtors rose by 76% to £1,600. The company's retained earnings accumulated losses increased by 150% to £8,300. Total inventories decreased by 34% to £2,100. 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 creditors suggests it might be relying on short-term financing. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It seems like Hazindak Ltd is experiencing growth, but it’s important to monitor its debt levels and ensure it can sustain its operations. The company’s focus on niche products and its online presence could be key to its long-term success, but it needs to manage its finances carefully.

Registered in England/Wales under the registration number 14028799, with a registered address at N3 2LN, England, London, 338a Regents Park Road Office 3 And 4.

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