Home Discount Limited

Home Discount Ltd, based in Bradford, UK, is a large, active family business established thirteen years ago. Employing forty-three people, the company boasts assets of £6,706,145 and generates a yearly revenue of £15,949,631. With four directors and two owners, it operates from a real address and is regularly importing and exporting furniture, lighting, and prefabricated buildings—eighteen months of imports and thirty-seven months of exports recorded. The company is involved in retail sale via mail order houses or via internet industries.

The company’s website isn’t readily available, making it difficult to assess its e-commerce presence. However, the financial data paints a mixed picture. While turnover increased by 19%, reaching £16 million, net assets decreased by 15%, settling at £4.9 million. Bank borrowings increased by 13%, reaching £780,000, and cash reserves fell by 37%, landing at £3.2 million. Creditors, however, decreased by 140%, suggesting improved debt management. The company meets the criteria to be considered large, having met two of three conditions: turnover over £36 million and balance sheet total over £18 million.

Despite the growth in revenue, the decline in net assets and cash reserves warrants attention. The increase in bank borrowings suggests the company may be relying more on external financing. It’s possible the company is reinvesting heavily in its business to support growth, or it could be facing challenges in managing its working capital. The decrease in creditors could be a positive sign of better payment terms, but the overall trend indicates a need for careful financial monitoring. The unaudited financial statements, prepared with IRIS Accounts Production software, don’t mention an auditor.

Registered in England/Wales under the registration number 07640835, with a registered address at BD4 6HN, England, Bradford, Home Discount, Dawson Lane.

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