Hussey Seatway Limited

Hussey Seatway Ltd, based in Bath, UK, is a small, active company established 24 years ago. With 25 employees and £3,901,809 in assets, it operates from a virtual address, a fact highlighted by the presence of 47 companies registered at the same location. The company is managed by five directors and has one owner, Black David Stuart. Hussey Seatway is a regular importer and exporter of furniture, lighting, and prefabricated buildings, with 86 months of import activity and 45 months of export activity recorded.

The company’s website showcases its expertise in retractable telescopic, fixed, and portable seating solutions for education, theatre, and sports venues. It’s clear Hussey Seatway isn’t an e-commerce business in the traditional sense; instead, it functions as a manufacturer and supplier, offering a wide range of seating products, including chairs, benches, lecture theatre seating, and portable seating. Case studies on the website highlight successful projects in education, theatre, performing arts, and sports, demonstrating its ability to cater to diverse needs. The website also includes a news section with articles on projects like Zarts in Manchester and creating the right environment for university sports.

Financially, Hussey Seatway Ltd presents a mixed picture. While current assets increased by 7.6% to £3,900,000, bank borrowings surged by a significant 2,400% to £29,000. Cash reserves also declined by 9.1% to £1,600,000. Trade debtors increased substantially by 39%, suggesting potential challenges in collecting payments. On the positive side, creditors decreased by 10%, which could indicate improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp increase in borrowings and decrease in cash reserves warrants attention. No auditor is mentioned, which is common for small companies.

Overall, Hussey Seatway Ltd appears to be a well-established manufacturer navigating the challenges of growth. The company’s focus on specialized seating solutions and its commitment to quality are evident, but the financial data suggests a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 04166039, with a registered address at BA2 4BL, Bath, 11 Laura Place.

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