Hermia Bridal Ltd

Hermia Bridal Ltd, based in Chorley, UK, is a small, active company founded just three years ago in 2022. With a single employee and £82,162 in assets, it's a solo founder operation led by a director and owner, Grace Creaner. The business boasts a perfect 5.0 Google rating from 13 reviews, indicating strong customer satisfaction. It’s an irregular importer of clothing and accessories, not knitted or crocheted, with just two months of import activity recorded as of February 2023.

The company's website highlights a curated collection of bridal designers, positioning itself as a destination for brides seeking a personalized and luxurious experience. Testimonials emphasize Grace's attentive service and the unique selection of dresses, suggesting a focus on high-quality, bespoke offerings. The site doesn't explicitly mention e-commerce, implying a primarily appointment-based service where brides visit to try on dresses.

Financially, Hermia Bridal Ltd presents a mixed picture. Current assets have increased by 35% to £82,000, while net assets decreased by 68% to -£92,000. Bank borrowings have decreased by 78% to £710, and cash reserves have fallen by 56% to £4,500. Creditors have decreased by 78% to £710, suggesting better debt management. 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 stay agile, but the sharp equity drop raises questions. The company's accounts were prepared by Riverside Accountancy Lancaster Limited, but no auditor is mentioned, likely exempt as a small company.

Overall, Hermia Bridal Ltd appears to be navigating some financial challenges despite positive customer feedback. The decrease in equity suggests potential cash flow issues, but the reduction in creditors indicates an attempt to manage debt. Whether the company can sustain its growth and profitability remains to be seen, but its strong reputation and focus on personalized service provide a solid foundation.

Registered in England/Wales under the registration number 14038633, with a registered address at PR6 7GY, England, Chorley, 5 Buckton Close, Whittle-Le-Woods.

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