Must Have Bins Limited

Must Have Bins Ltd from London UK: a small, active company founded seven years ago, employs just one person, and holds £91,139 in assets. It’s a real address with a single director and owner, running an e-commerce site and boasting a 4.0 Google rating from four reviews. The company regularly imports furniture, lighting, and prefabricated buildings – 17 months of import activity recorded – and occasionally exports iron or steel products, with just two months of export activity.

The company’s website, MustHaveBins.com, showcases a curated collection of stylish bins, tissues, and trays, emphasizing handcrafting techniques and beautiful patterns. It’s a business that clearly values traditional craftsmanship and appeals to customers seeking unique, high-quality home accessories. The site even highlights a partnership with hotels and trade clients, suggesting a broader reach beyond individual consumers.

Financially, Must Have Bins Ltd presents a mixed picture. Current assets have increased by 42% to £91,000, which is good, but net assets have also increased by 50% to £63,000. Bank borrowings have decreased significantly by -22%, which is a positive sign. However, creditors have also increased by 14%, and taxation and social security payable has increased by 120%, which could be a concern. The company meets two of three conditions to be considered small – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees – and is likely exempt from an audit.

The company's accounts are unaudited and rely on director-reported data. While the e-commerce side appears active and well-reviewed, the financials suggest a company that’s growing but needs to manage its debts carefully. The lack of employees hints at a lean operation, but the increased creditors could be a sign of future challenges.

Registered in England/Wales under the registration number 11279724, with a registered address at NW6 5HU, England, London, Flat 10, Regents Plaza Apartments, 6 Greville Road.

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