Huggabubba Ltd

Huggabubba Ltd from Norwich UK is a small, active company founded 18 years ago. With £55,567 in assets and a virtual address shared by 151 other companies, it’s a family business run by three directors and two owners. The company’s status is active, and it was incorporated on November 5, 2006.

Huggabubba Ltd operates as a business-to-business supplier for the hospitality and leisure industries, providing children's furniture and items. Its website highlights a range of products, including cots, high chairs, booster seats, and travel cots, catering to the needs of family-friendly establishments. The company’s website clearly shows it is an ecommerce business, selling to commercial clients, not directly to consumers. It also has a showroom and a physical address listed, but the shared address raises questions about its true location.

Financially, Huggabubba Ltd's performance shows some concerning trends. Current assets decreased by 16% to £56,000, while net assets plunged 2700% to -£11,000. Bank borrowings increased by 37% to £30,000, and cash reserves rose significantly by 1700% to £21,000. Creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The substantial drop in equity, however, is a red flag. With no auditor mentioned, the financial data is unaudited.

In conclusion, Huggabubba Ltd appears to be facing financial challenges despite its active status and established presence in the hospitality sector. The company’s reliance on a virtual address and the lack of employee data further complicate the picture.

Registered in England/Wales under the registration number 05998516, with a registered address at NR6 6BB, England, Norwich, Norfolk, Evolution House Iceni Court, Delft Way.

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