His Supplies Uk Ltd

His Supplies Uk Ltd from London UK: a small, active company established eleven years ago, faces some financial headwinds. Accounts are overdue by twenty days, and confirmation is nine months behind – a bit of a worry. The business, with a single employee, holds assets worth £1,926,692, operates from a virtual address (shared by fourteen other companies), and is steered by two directors and a solo founder. It runs an e-commerce site and enjoys a stellar 5.0 Google rating from 295 reviews, regularly importing copper and copper products (last import February 2024).

The company's website showcases a vast range of products, from agricultural supplies to welding equipment, catering to diverse industries like construction, catering, and even the automotive sector. It’s essentially an industrial supermarket, offering everything from safety gear to catering disposables. The site is well-organized, with clear categories and a search function, suggesting a focus on user experience.

However, the financial picture isn't entirely rosy. While assets remain substantial, net losses have deepened to -£220,000. Cash reserves have fallen by nearly half to £12,000, and bank borrowings have jumped significantly, reaching £29,000. Creditors have also increased, now standing at £2.1 million. Trade debtors have risen to £1.9 million, which could indicate difficulties collecting payments. Despite meeting the criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the declining equity and increased debt raise questions about its long-term sustainability. No auditor is mentioned, which is common for small companies, and the figures are unaudited.

It's clear that while His Supplies Uk Ltd has built a strong online presence and enjoys a positive reputation with customers, it's currently navigating a challenging financial period. The company’s reliance on imported goods, particularly copper, could also be vulnerable to global market fluctuations.

Registered in England/Wales under the registration number 08610387, with a registered address at SE15 3NL, England, London, 30 Heaton Road.

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