Heima (shetland) Limited

Heima (shetland) Limited, based in Lerwick, Shetland, UK, is a small, active company founded two years ago. With ten employees and £432,387 in assets, it operates as a family business with two directors and two owners. The company regularly imports furniture, lighting, and prefabricated buildings—a consistent activity spanning 27 months, with the latest import occurring in November 2024. It’s a real address, and only one company is registered there, which is a good sign.

The company's primary activity involves retail sales via an online store, catering to customers in Shetland and beyond. While no website was provided, the business model suggests a focus on delivering quality home furnishings and building materials to a local market. The company operates in the other retail sale in non-specialised stores industries.

Financially, Heima (shetland) Limited presents a mixed picture. While current assets remain steady at £430,000, net assets have declined significantly to -£66,000. Bank borrowings have remained constant at £30,000, and cash reserves are also steady at £87,000. Creditors have also remained steady at £750,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The decrease in equity, however, is concerning and could indicate a need for improved profitability or external funding. The accounts are unaudited, which is typical for small companies.

The company’s directors, Gemma and Jordan Thomason, are likely working hard to manage the business through this period of financial strain. The consistent import activity suggests a commitment to sourcing quality products, but the company needs to focus on improving its bottom line to ensure long-term sustainability.

Registered in Scotland under the registration number SC751452, with a registered address at ZE1 0NL, Scotland, Shetland, 74 Commercial Road, Lerwick.

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