Hughes & Co Limited

Hughes & Co Limited, based in Nelson, UK, is a small, active company founded 14 years ago in 2010. With four employees and £77,467 in assets, it operates from a virtual address, a detail worth noting as thirty-two companies share the same location. The business is led by three directors and owned by Carole Anita Hughes, the solo founder. Hughes & Co Limited regularly imports and exports essential oils and perfumes, with 224 months of import activity and 385 months of export activity recorded.

The company’s website reveals a broader international presence, operating as Hughes Company with offices in the UK, Canada, and China. It specializes in the sourcing and supply of natural, conventional, and organic essential oils, vegetable oils, and extracts, catering to a global clientele. The website also mentions a separate venture, Hughes Co Ltd, registered in the Cayman Islands, which adds another layer of complexity to the company’s structure.

Financially, Hughes & Co Limited presents a mixed picture. Current assets increased by 24% to £77,000, while net assets decreased by 2.9% to £68,000. Bank borrowings increased by 150% to £30,000, and cash reserves increased by 150% to £30,000. Creditors increased by 31% to £34,000, and trade debtors decreased by 6.8% to £44,000. 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 increase in bank borrowings suggests a need for additional funding. As a small company, it is exempt from an audit, so the figures rely on unaudited director-reported data.

Overall, Hughes & Co Limited seems to be navigating a period of growth and change. The expansion into international markets and the diversification of its product offerings are positive signs, but the company will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 07406378, with a registered address at BB9 6BP, England, Nelson, Lancashire, Ground Floor Unit 8, Vantage Court Riverside Way, Barrowford.

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