Hose World Ltd.

Hose World Ltd from Eyemouth UK: a small, active company founded 29 years ago in 1995, employs seven people, and holds £955,314 in assets. It’s a family business with one director and three owners, operating from a real address on the Acredale Industrial Estate. The company regularly imports rubber and rubber products—a consistent activity over the past 51 months—while occasionally exporting iron or steel products, with just one month of export activity recorded as of October 2023.

The company’s website showcases a wide range of flexible hose, ductings, and tubings, catering to industries like automotive, food processing, and construction. It appears to operate primarily as a wholesale supplier, with a well-stocked online shop and a focus on competitive pricing and a large product range. The site also highlights a download catalogue and clearance sales, suggesting a focus on both new and discounted products.

Financially, Hose World Ltd presents a mixed picture. Current assets have decreased by 10%, dropping to £960,000, while net assets have fallen by 19%, settling at £250,000. Bank borrowings have increased by 13%, reaching £290,000, and cash reserves have declined by 37%, falling to £1,100. Creditors have decreased by 1.7%, and other creditors have increased by 76%, suggesting a shift in payment terms. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility, but the decrease in equity raises questions about its long-term financial health. With no auditor mentioned, the figures are unaudited.

Overall, Hose World Ltd appears to be navigating a period of change. While its core business of supplying flexible hose products remains active, the financial data suggests a need for careful management and a focus on improving profitability. The company's family ownership and established presence in the market could be key strengths in overcoming these challenges.

Registered in Scotland under the registration number SC162266, with a registered address at TD14 5LQ, Scotland, Eyemouth, Berwickshire, Unit 3 Acredale Industrial Estate.

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