Homelike Group Ltd

Homelike Group Ltd is a small, active company based in London, UK, founded six years ago in 2019. With three employees and £42,537 in assets, it operates from a real address and is led by a single director and owner, who is also the solo founder. The company regularly imports electrical machinery and equipment, with four months of import activity recorded. Its core business involves the retail of furniture, lighting, and similar items in specialised stores.

The company’s website is currently unavailable, making it difficult to determine the extent of its e-commerce operations. However, the company’s activities suggest a focus on physical retail rather than online sales.

Financially, Homelike Group Ltd presents a mixed picture. Current assets have decreased slightly to £43,000, while total inventories have increased by 13%, reaching £40,000. Cash bank on hand has significantly dropped by 67%, leaving only £2,900. Creditors have decreased by 14%, which is a positive sign, but net current assets and liabilities have also decreased by 33%. The company’s small size (meeting two of three conditions for being considered small) helps it maintain agility, but the decrease in equity, particularly retained earnings and accumulated losses, is a concern. The lack of an auditor mentioned likely means the accounts are unaudited.

Despite the challenges, the company’s focus on a specific niche—retail of furniture and lighting—and its regular import activities suggest a continued effort to maintain operations. The decrease in cash reserves, however, could indicate a need for careful financial management in the coming months.

Registered in England/Wales under the registration number 11879853, with a registered address at N3 1LP, England, London, 165 Ballards Lane.

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