Hugo & Me Ltd

Hugo & Me Ltd is a small, active company based in Oldham, UK, founded eight years ago in 2017. With just two employees and £15,083 in assets, it’s a modest operation run by a single director and owner. The company operates an e-commerce site, earning a stellar 5.0 Google rating from 29 reviews. It primarily focuses on retail via mail order and internet sales, offering a wide range of baby, toddler clothing, wooden toys, and modern nursery essentials. The website showcases a diverse selection, from organic clothing and soft play items to nursery furniture and accessories, catering to parents seeking quality and style.

The financials paint a mixed picture. While current assets increased by a healthy 50% to £15,000, net assets decreased by 5.9% to -£130,000. Bank borrowings surged by a significant 3,100% to £1,400, and cash reserves remained low at just £83. Creditors also increased by 9.9% to £140,000. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decrease in equity is concerning. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The sharp increase in bank borrowings, coupled with the decline in cash, suggests the company may be burning through money to fuel growth—perhaps investing in inventory or marketing. The increase in creditors could indicate delayed payments to suppliers. The company’s success hinges on maintaining its high Google rating and attracting new customers to offset these financial pressures. It's a small business, and things can change quickly.

Registered in England/Wales under the registration number 10631748, with a registered address at OL3 6JR, England, Oldham, 22 Grove Road, Uppermill.

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