Huggables Limited

Huggables Ltd from Layton Square Blackpool UK: a small, active company founded 34 years ago, employs five people, and holds £830,038 in assets. It’s a real address with two directors and one owner, operating an e-commerce site. The company regularly imports and exports toys, games, and sports equipment—499 months of imports and 41 months of exports recorded.

The company’s website highlights its role as a wholesaler and distributor of toys, plush toys, remote controls, and other novelty items. It’s a family-run business with over 30 years of experience, catering to the leisure, amusement, and retail sectors. Orders are placed online or by phone, with payment handled offline—no online payments are accepted. Customers can also visit the showroom in Thornton Cleveleys.

Financially, Huggables Ltd presents a mixed picture. While net assets increased by a substantial 53%, reaching £550,000, cash reserves fell by 34% to £20,000. Bank borrowings decreased significantly, dropping 80% to £3,000. Trade debtors increased by 19%, suggesting a need to manage customer payments. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the decline in cash warrants attention. Creditors decreased by a significant 69%, which is a good sign. No auditor is mentioned, likely due to the company's exemption as a small entity.

The company’s focus on importing and exporting toys and games suggests a reliance on global supply chains, which could be impacted by economic fluctuations. The increase in net assets, however, points to a successful business model, even if it’s facing some financial pressures.

Registered in England/Wales under the registration number 02549823, with a registered address at FY3 7BJ, Layton Square Blackpool, Lancashire, Layton House, 3-5 Westcliffe Drive.

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