Hm Canvases Ltd

Hm Canvases Ltd, based in Willenhall, UK, is a small, active company founded 21 years ago. With three employees and £8,676 in assets, it’s a modest operation led by one director and owner. The company operates an e-commerce site and boasts a solid 4.0 Google rating from 22 reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in March 2022.

The company’s website showcases a range of services catering to artists and enthusiasts. It specializes in bespoke artist canvases, painting panels, stretcher bars, and tondos, offering both ready-to-order items and custom-made options. Beyond canvas creation, Hm Canvases Ltd provides picture framing, artwork stretching, and laser cutting services, demonstrating a broader commitment to the art world. The website also highlights a passion for quality, with descriptions emphasizing handcrafted artistry and bespoke solutions.

Financially, Hm Canvases Ltd presents a mixed picture. Current assets have plummeted by a significant 70%, dropping to £8,700, while net assets have also taken a hit, decreasing by 170% to -£67,000. Bank borrowings have increased by 20%, reaching £58,000, and cash reserves have fallen dramatically by 84%, leaving just £310. Creditors have also risen by 24%, reaching £90,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the sharp decline in equity and cash reserves is concerning. No auditor is mentioned, which is typical for small, exempt companies.

Overall, Hm Canvases Ltd seems to be facing some financial challenges, despite a strong online presence and positive customer reviews. Whether it can weather these pressures and continue to serve the art community remains to be seen.

Registered in England/Wales under the registration number 04975522, with a registered address at WV13 3SU, England, Willenhall, Unit 20 Watery Lane Industrial Estate, Watery Lane.

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