Homekitchengardenware Ltd

Homekitchengardenware Ltd from London UK: small company, active status, founded 4 years ago, 1 employee, virtual address, 2 directors, 1 owner, solo founder. Regular importer of toys, games, and sports equipment (4 months imported). It’s a small business, meeting two of three conditions for being considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company was incorporated on December 23, 2020, and currently employs just one person. The registered address, while seemingly common with 6864 other companies, is located at 71-75 Shelton Street, London, Greater London, WC2H 9JQ.

The company's website, HomeKitchenGardenware, showcases a diverse range of brands, including Oplect, Northhawk, Gifted Hands, Pink Vale, Welshbeak, and Tails Treats. It appears to be primarily an e-commerce operation, selling a variety of products from stationery and pens to kites and toys. The site emphasizes innovative product design, exceptional customer service, and a commitment to sustainability, with initiatives aimed at reducing its carbon footprint and using recycled materials—like the Oplect Original pens made from recycled plastic waste. The site also mentions a partnership with Harrods for piano restoration.

Financially, Homekitchengardenware Ltd is facing some challenges. While cash bank on hand increased slightly to £7,100, net assets plummeted by 690% to a negative £6,400. Bank borrowings have dramatically increased to -£140,000, and trade creditors have ballooned to £140,000. It seems like the company is relying heavily on borrowing and credit, which could be unsustainable in the long run. The company’s retained earnings are also significantly in the negative. The lack of employees (just one reported) suggests a lean operation, but the significant losses raise concerns about its financial health. The accounts are unaudited and classified as "Filleted Accounts" with an accountants report, and the company is exempt from an audit.

Registered in England/Wales under the registration number 13098673, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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