Huddlespace Limited

Huddlespace Limited, based in Sale, UK, is a small, active company established 16 years ago. With 14 employees and £241,767 in assets, it operates from a virtual address and is led by two directors and one owner. The company regularly imports furniture, lighting, and prefabricated buildings (11 months), and occasionally exports the same items (1 month). It’s a manufacturer of office and shop furniture, operating in a competitive market.

The company’s website highlights a wide range of office furniture, from desks and chairs to storage solutions and breakout furniture. It caters to both commercial and educational clients, with case studies showcasing projects for companies like Sigma and Dentsu Aegis. It also offers a separate platform for student accommodation furniture and provides office clearance services. The website’s design is clean and user-friendly, with a focus on product categories and a blog featuring articles on workplace design and wellbeing.

Financially, Huddlespace Limited has experienced a challenging year. Net assets have plummeted by 72%, falling from £130,000 to just £35,000. Cash reserves have also taken a hit, decreasing by 53% to £100,000. Trade debtors have fallen dramatically, suggesting better collection of payments. However, creditors have also decreased, which is a good sign. 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 stay flexible, but the sharp decline in equity is concerning. The accounts are unaudited, likely due to its small size, and no auditor is mentioned.

The company’s employee numbers have increased from 14 to 17, which could be a sign of growth or increased workload. The significant drop in cash reserves, however, suggests the company may be burning through money faster than it’s earning it. It’s possible that increased investment in marketing or expansion is driving these changes.

Registered in England/Wales under the registration number 06717081, with a registered address at M33 4JD, England, Sale, 58 Woodheys Drive.

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