Hills Retail Stores Limited

Hills Retail Stores Ltd from Spalding UK: a small, active company founded 31 years ago, employs 13 people, and holds £717,663 in assets. It’s a family business with four directors and two owners, operating from a real address and maintaining a 5.0 Google rating based on 51 reviews. The company regularly imports furniture, lighting, and prefabricated buildings—16 months of imports recorded, with the latest in July 2024.

Hills Furniture Store, as it’s known online, offers a wide range of home furnishings, from sofas and chairs to beds and office equipment. Its website showcases various brands like Celebrity, G Plan, and Harrison Beds, and provides a virtual tour of the store. The company operates both a physical store and an e-commerce site, catering to customers seeking quality furniture and accessories. It’s clear the company is trying to provide a personal shopping experience, emphasizing friendly expert staff and a price-match promise.

Financially, Hills Retail Stores Ltd shows a mixed picture. Current assets decreased by 6% to £720,000, while net assets also fell by 2% to £930,000. Cash bank on hand dropped significantly by 18% to £320,000. Interestingly, other creditors increased by 27% to £160,000, while trade debtors decreased by 7.2% to £44,000. 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—and is exempt from an audit, relying on unaudited financial statements. It seems the company is managing its debts well, but the decrease in cash reserves warrants further observation.

Registered in England/Wales under the registration number 02904363, with a registered address at PE11 1XA, Spalding, Lincolnshire, 5 - 6 Bridge Street.

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