Hobby Circuit Ltd

Hobby Circuit Ltd is a small, active company based in Rugby, UK, founded five years ago in 2019. It operates an e-commerce site selling electronic components, kits, and development boards, catering to hobbyists and professionals alike. With a real address, one director, and one owner, the company employs just one person and holds £28,505 in assets. While it’s been around for a while, Hobby Circuit Ltd is currently overdue on both its accounts (two years) and confirmation statement (five months).

The company’s website showcases a wide range of products, from Arduino kits and LED cubes to power supplies and motor drivers. It also features a blog with tutorials and project ideas, suggesting a community-focused approach. The site's design is functional and well-organized, with clear product categories and a user-friendly checkout process. It's clear that Hobby Circuit Ltd is focused on providing a comprehensive online store for electronics enthusiasts.

Financially, Hobby Circuit Ltd presents a mixed picture. Net assets are negative at -£4,300, indicating the company is carrying more liabilities than assets. Cash reserves are a modest £3,000, and bank borrowings are £130. While creditors are £29,000, trade debtors are just £2,000. 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 keep overheads low, but the negative equity is a concern. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

It seems that Hobby Circuit Ltd is navigating a challenging period, with its liabilities exceeding its assets. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company's focus on a niche market and its commitment to customer service could help it weather the storm.

Registered in England/Wales under the registration number 12312574, with a registered address at CV21 3SS, England, Rugby, Warwickshire, Studio 3 Earl Street Studios, Earl Street.

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