Hm Sofas Ltd

  • Small
  • Active
  • 5 years
  • Accounts overdue 8 months
  • Confirmation overdue 6 months
  • 2 employees
  • £108,241 (assets)
  • Real address
  • 1 director
  • 1 owner
  • Regular importer
  • E-commerce
  • Rating 3.0 (5)

Field of Operation

Wholesale of furniture, carpets and lighting equipment
46470 4009 companies
Wholesale of household goods (other than musical instruments) n.e.c.
46499 7498 companies

Website

Social media

Summary

Hm Sofas Ltd, based in Glasgow, UK, is a small, active company founded five years ago in 2019. With two employees and £108,241 in assets, it operates from a real address and is managed by one director and owner. The company runs an e-commerce site and has a 3.0 Google rating from five reviews. It's a regular importer of furniture, lighting, and prefabricated buildings, with 16 months of import activity recorded, the latest in April 2024.

The company’s website describes it as a wholesale business focusing on furniture, carpets, and lighting equipment, as well as household goods. It operates in a competitive market, but aims to provide quality products and good customer service. It’s a small business, meeting two of three criteria for being small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Hm Sofas Ltd shows some concerning trends. Cash bank on hand dropped significantly by 66%, falling to £15,000. Creditors increased by 56%, reaching £48,000 within one year, and by 3% in the last year. Trade debtors, however, rose dramatically by 70%, to £91,000, which could indicate difficulties in collecting payments. Equity, while up slightly to £70,000, is still relatively low. The company is exempt from an audit, so the figures are unaudited.

Overall, Hm Sofas Ltd seems to be facing some financial pressures. The decrease in cash reserves and increase in creditors suggest it may be burning through money. The rise in debtors could be a sign of payment issues. While it’s a small business with a real address, it needs to carefully manage its finances to ensure long-term sustainability.

Registered in Scotland under the registration number SC645079, with a registered address at G31 4QD, Scotland, Glasgow, 63 Springbank Gardens.

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

Owners & PSC

  • 5 years
  • 1
  • 25%+

Managers

  • 5 years
  • 1
Director

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Compulsory strike-off action has been suspended
  2. First Gazette notice for compulsory strike-off
  3. Confirmation statement made on 2023-11-23 with updates
See all events

Importer profile by HS codes

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Last imported products

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