Kit Heath Limited

Kit Heath Limited is a small, active company based in Barnstaple, UK, with a 29-year history. Employing 26 people, the company operates from a real address at Roundswell Business Park and is overseen by three directors and two owners. It’s a regular importer and exporter, bringing in jewelry, precious stones, and metals for 157 months and shipping them out for 50 months.

The company’s website showcases a wholesale operation specializing in jewelry and watch components, catering to independent retailers and brands. While the site doesn’t explicitly mention e-commerce, it features a comprehensive catalog and contact form, suggesting a business-to-business model rather than direct consumer sales.

Financially, Kit Heath Limited presents a mixed picture. Cash reserves declined by 23% to £750,000, while bank borrowings decreased by 23% to £83,000. Trade debtors increased by 20% to £220,000, suggesting a possible expansion of credit terms. Creditors decreased by 13% to £420,000, indicating improved debt management. Equity, however, took a hit, dropping 47% to -£75,000, a significant shift that warrants further investigation. The company meets the criteria for a small company, with turnover under £10.2 million and assets under £5.1 million. Being exempt from an audit, the figures are unaudited.

The decrease in equity, despite positive trends in debt management, could reflect increased investment in inventory or other operational expenses. The company’s long-standing presence and consistent import/export activity suggest a resilient business model, but the financial pressures require close monitoring.

Registered in England/Wales under the registration number 03183075, with a registered address at EX31 3TD, Roundswell Business Park, Barnstaple Devon, Millennium House, Brannam Crescent.

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