Home Ware Outlet Ltd

Home Ware Outlet Ltd, based in Manchester, UK, is a small, active company founded ten years ago in 2014. With a single employee and £31,931 in assets, it operates as a solo-founder venture with a real address and a director. The company runs an e-commerce site, importing clothing and accessories made by knitting or crocheting, though import activity is irregular, with just one month of imports recorded back in 2016. Its primary business involves retail sale via mail order and internet, offering a wide range of homeware products.

The company’s website showcases a vast selection of items, from dinnerware and glassware to soft furnishings and furniture. It boasts a variety of top brands, including Le Creuset, Nkuku, and The White Company, catering to diverse tastes and budgets. The site also highlights gift ideas, trending products, and seasonal promotions, encouraging customer engagement and driving sales. The website has a very large amount of content, and it's a bit overwhelming.

Financially, Home Ware Outlet Ltd presents a mixed picture. While current assets increased by a respectable 45% to £32,000, net assets plummeted 62% to -£14,000. Bank borrowings decreased by 12% to £11,000, and cash reserves fell 25% to £5,300. Creditors also decreased by 12% to £11,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, prepared using VT Final Accounts software, show a decline in retained earnings and accumulated losses. The company is exempt from an audit, and the accounts are filed as ‘filleted accounts.’

Despite the financial challenges, Home Ware Outlet Ltd appears to be maintaining a steady online presence and offering a diverse range of homeware products. Whether the company can turn its financial situation around and capitalize on its e-commerce platform remains to be seen.

Registered in England/Wales under the registration number 09072897, with a registered address at M12 6BT, England, Manchester, 21-23 Harkness Street.

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