New Homeworld Ltd

New Homeworld Ltd from Glasgow UK is a small, active company founded 15 years ago. While the company holds £1,077,041 in assets and has a real registered address, it’s facing some challenges: accounts are overdue for two years, and confirmation statements haven’s been filed for three. The business, which employs just three people and is led by a single director and owner, operates in the retail sale via mail order houses or via internet industries.

The company’s website, Home World Ltd, focuses on conservatories, windows, and related home improvements. They offer a range of products, including Edwardian, Orangery, and Bespoke Victorian conservatories, as well as windows and bifolding doors. The site showcases customer testimonials praising the quality of their work and the level of service, and even mentions being an “approved installer”. It’s clear they’re targeting homeowners looking to enhance their properties.

Financially, New Homeworld Ltd’s picture is mixed. While current assets remain steady at £1,100,000, net assets have significantly decreased to -£340,000. Bank borrowings have fallen by a substantial 44%, to £100,000, and cash reserves are down 31% to £4,200. Creditors have also increased, by 16% to £1,200,000, suggesting a reliance on credit. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is a cause for concern. No auditor is mentioned, which is typical for companies of this size.

Overall, New Homeworld Ltd appears to be navigating a period of financial strain. While the website showcases a successful business, the underlying financials suggest a need for careful management. It’s a common situation for growing companies, and whether they can turn things around remains to be seen.

Registered in Scotland under the registration number SC364856, with a registered address at G41 1PJ, Scotland, Glasgow, 298-300 Maxwell Road.

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