Howes Models Limited

Howes Models Ltd, based in Kidlington, UK, is a small, active company with a long history, having been founded 29 years ago. Employing nine people and holding £265,860 in assets, it's a family business with a solo founder and two directors. The company has a real address and a solid 4.0 Google rating from 227 reviews. It’s a regular importer of toys, games, and sports equipment, with 58 months of import activity recorded.

The company operates as a hobby shop, offering a wide range of model railway equipment, radio control vehicles, plastic kits, and paints. Its website showcases a diverse inventory, from RC cars and planes to model trains and tanks. It even offers a reblowing service for ESU Loksound decoders. The business appears to cater to both hobbyists and collectors, with a strong emphasis on specialist items and spares. The site also features a section dedicated to pre-owned models, suggesting a secondary revenue stream.

Financially, Howes Models Ltd shows a mixed picture. Current assets decreased by 15% to £270,000, while net assets took a larger hit, dropping 34% to £85,000. Cash reserves fell 32% to £47,000, and bank borrowings increased. Trade debtors grew significantly, suggesting potential issues with customer payments, but creditors also decreased, indicating improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decline in equity is something to keep an eye on. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

It seems Howes Models Ltd is navigating a challenging economic climate, but its established reputation and diverse product range suggest it’s well-positioned to weather the storm.

Registered in England/Wales under the registration number 03144839, with a registered address at OX5 1JD, England, Kidlington, 16b Station Field Industrial Estate.

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