Hobby Store Group Ltd

Hobby Store Group Ltd from Stratford-Upon-Avon UK: a small, active company founded nine years ago, employs four people, and holds £440,030 in assets. It operates from a virtual address, is led by one director and owner (solo founder), and regularly imports toys, games, and sports equipment – a total of 79 months of imports, with the latest in December 2024.

The company's website, hobbystoregroup.com, showcases a diverse range of brands and products, spanning aircraft models, railway sets, car-related hobby items, and memory-capturing gifts. It’s clear the company operates in retail via mail order and internet industries, with a strong emphasis on building brands and stocking leading suppliers like GeminiJets, Hornby, and Tamiya RC. The site also highlights customer orientation, innovation, and collaboration as core values.

Financially, Hobby Store Group Ltd presents a mixed picture. While net assets increased by a substantial 130%, rising to £110,000, cash reserves saw a healthy jump of 77% to £150,000. However, bank borrowings increased by nearly 10%, reaching £120,000, and trade debtors rose by a significant 68%, suggesting potential issues with customer payments. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. The lack of an auditor mentioned is typical for a small company, and the accounts are unaudited.

Despite these fluctuations, the company's growth in assets and cash reserves suggests a generally healthy position. The increase in bank borrowings could be linked to investments in inventory or expansion, but it’s something to keep an eye on. The company’s focus on niche hobby markets and strong brand partnerships appears to be driving its growth, though managing cash flow will be key to its long-term success.

Registered in England/Wales under the registration number 10001838, with a registered address at CV37 9NR, England, Stratford-Upon-Avon, 9 Shottery Brook Office Park Timothys Bridge Road, Stratford Enterprise Park.

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