Home Colours Limited

Home Colours Ltd from Admaston UK is a small, holding company with an active status, established thirteen years ago. Employing seven people and holding £41,242 in assets, the company operates from a real address and is overseen by two directors and one owner. It boasts a respectable Google rating of 4.0 based on fourteen reviews. The company regularly imports furniture, lighting, and prefabricated buildings – eleven months of import activity were recorded, with the last operation in December 2023 – but has only exported occasionally, with just one month of activity recorded as of April 2023.

The company’s website, while not explicitly detailed, suggests a retail focus, operating through mail order and internet sales. It's likely an e-commerce operation, though specifics are unavailable.

Financially, Home Colours Ltd presents a concerning picture. Current assets have plummeted by a staggering 93%, dropping to just £41,000. Net assets have also suffered a dramatic decline, falling 100% to -£4,900. Cash reserves have been decimated, decreasing 84% to just £23,000. Trade debtors have increased significantly, by 27,000%, reaching £18,000 – a potential sign of delayed payments. On the positive side, creditors have decreased by 86%, suggesting some improvement in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity loss is a worrying trend. As a small company, it is exempt from an audit, and the financial data relies on unaudited statements.

The significant decline in assets and cash reserves suggests the company is burning through money, potentially requiring a capital injection or a restructuring of operations. The increase in trade debtors could indicate difficulties in collecting payments from customers, which could further exacerbate the financial strain.

Registered in England/Wales under the registration number 07929233, with a registered address at WS15 3NL, Admaston, Staffordshire, Hatherton House, The Old Rectory.

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