Helfee Ltd

Helfee Ltd is a small, active company based in Northampton, UK, founded six years ago. With a single employee and £52,809 in assets, it operates an e-commerce site and is led by one director and owner, Joshua Ryan Skillman. The company's registered address is real, with only two other companies registered there. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company’s website, HELFARE, is dedicated to performance-driven MTB apparel, offering a range of hoodies, jerseys, pants, and accessories for both adults and youth. The site showcases a variety of colors and styles, emphasizing quick shipping and easy returns. It’s clear they’re focused on a niche market of mountain bikers, with a strong visual presentation and a focus on quality.

Financially, Helfee Ltd’s recent report shows some concerning trends. Accumulated depreciation increased significantly, particularly for computer equipment and furniture fittings. Bank borrowings have disappeared, which is good, but cash reserves jumped up considerably, suggesting a one-off influx of funds. Creditors have increased substantially, and trade debtors have also risen, which could indicate challenges in collecting payments. The company’s net assets have decreased, and net current assets have also fallen, which are both worrying signs. It’s worth noting that the company’s small size means it’s exempt from an audit, so the figures are unaudited.

While the e-commerce site appears to be doing well, the financial data suggests Helfee Ltd may be burning through money. Whether this is a temporary setback or a longer-term issue remains to be seen—but for now, the company’s success hinges on maintaining its niche appeal and managing its finances carefully.

Registered in England/Wales under the registration number 11889637, with a registered address at NN4 6AD, United Kingdom, Northampton, 16 Harris Close.

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