Hotsnap Ltd

Hotsnap Ltd from Burnham-On-Crouch UK: a small, active company founded four years ago, employs six people, and holds £503,438 in assets. It’s a family business with two directors and two owners, operating an e-commerce site and boasting a Google rating of 4.0 from twelve reviews. The company regularly imports toys, games, and sports equipment, with its last import operation occurring in November 2024.

The company's website showcases a range of products, primarily bladeless fans and paddle boards. It appears to be a specialist retailer, offering Vortex Air fans—a brand that seems to be central to its business—alongside Tidal Rave paddle boards and other related accessories. The website also features a section on luxury UK Vortex Air Bladeless Fan Specialists, suggesting a focus on high-end products. It’s clear the company is doing retail sales via the internet.

Financially, Hotsnap Ltd’s picture is mixed. While current assets increased by 20% to £500,000, net assets plummeted 75% to just £45,000 – a significant drop. Bank borrowings increased by 230% to £240,000, and cash reserves decreased by 28% to £230,000. Creditors also increased by 32%, suggesting a reliance on external financing. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 0 employees) allows for flexibility, but the decline in equity is concerning. There’s no auditor mentioned, so the financial statements are unaudited.

Overall, Hotsnap Ltd seems to be navigating a period of change. While the e-commerce side appears to be performing well, the financial data suggests it’s burning through cash. Whether it can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 12788901, with a registered address at CM0 8TE, England, Burnham-On-Crouch, Hobbs House, Burnham Business Park, Springfield Road.

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