Homewick Ltd

Homewick Ltd from Clacton-On-Sea UK: small company, active status, founded 4 years ago, £20 assets, yearly revenue: £11,262, real address, 1 director, 1 owner, e-commerce site. It’s a small, family-run business operating in the competitive home fragrance market. Founded in 2020, the company has a real registered address and is run by a single director and owner, Bishop David. It operates an e-commerce site, offering a range of candles, wax melts, diffusers, and room sprays—many of which can be personalised.

The website, Homewick, showcases a strong emphasis on customisation, allowing customers to design their own candles, wax melts, diffusers, and even gift boxes. The site’s design is modern and user-friendly, with a clear focus on high-quality imagery and a 5-star rating on Trustpilot, suggesting a positive customer experience. There’s a good range of scents, and the site offers free delivery on orders over £100.

Financially, Homewick Ltd’s recent performance presents a mixed picture. While turnover increased by 12% to £11,000, net assets have fallen significantly, dropping 80% to just £22. Cash reserves have also taken a hit, decreasing by 82% to a mere £20. Bank borrowings are currently zero, and trade debtors are also at zero, suggesting good debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

The decrease in net assets and cash reserves is a concern, and it could indicate that the company is burning through cash to fuel growth. However, the increase in turnover and positive customer reviews suggest that the business has potential. It's possible that the company is investing heavily in marketing or product development, which could explain the temporary dip in profitability. The lack of employees reported could mean the director is doing most of the work, which is common in small, owner-operated businesses.

Registered in England/Wales under the registration number 13045976, with a registered address at CO15 5QJ, England, Clacton-On-Sea, 19 Canterbury Road, Holland-On-Sea.

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