Home Essence Ltd

Home Essence Ltd, based in Halifax, UK, is a small, active company founded seven years ago in 2017. With a single employee and £438,924 in assets, it operates from a real address and is led by one director and owner. The company has a modest 1.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with the last import activity occurring one month ago in July 2023.

The company’s website, Homesense, is part of a larger retail group, TK Maxx, and focuses on offering home goods and design inspiration. The site highlights a wide range of products, from furniture and décor to kitchenware and bedding, catering to a design-conscious audience. It’s clearly an e-commerce operation, with a focus on online shopping and a network of physical stores across several countries. The site also features a “Treasure” section, encouraging customer engagement and loyalty.

Financially, Home Essence Ltd shows a mixed picture. Current assets decreased by 7.7% to £440,000, while net assets increased by 53% to £47,000. Bank borrowings decreased by 6.0%, suggesting better debt management. Creditors also decreased by 7.5%, which is a good sign. However, the increase in deferred tax liabilities by 480% is a bit concerning. 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 increase in deferred tax raises questions about its long-term financial health. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Home Essence Ltd appears to be navigating a challenging environment. While its online presence and part of a larger retail group provide a solid foundation, the financial data suggests it’s burning through money. Whether it can sustain its growth and profitability remains to be seen, but the company’s focus on design and customer engagement gives it a fighting chance.

Registered in England/Wales under the registration number 10919223, with a registered address at HX2 8DB, England, Halifax, Unit 16k, Calderdale Business Park, Club Lane.

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