One Home Store Ltd

One Home Store Ltd, based in Wednesbury, UK, is a small, active company founded seven years ago. Despite its status, the company currently has overdue accounts (19 days) and confirmation statements (9 months). With three employees and £38,959 in assets, it operates an e-commerce site and imports furniture, lighting, and prefabricated buildings – though irregularly, with just one month of import activity recorded. It’s a family affair, run by a single director and owner, Kumar Mani.

The company’s website, Home Store Online, focuses on selling rugs, with a wide selection and a focus on high-quality shaggy and grey rugs. It also offers a range of home essentials, including bedding and towels, and promotes its products through social media and email marketing. The site clearly targets a consumer market seeking affordable and stylish home decor.

Financially, One Home Store Ltd shows a mixed picture. Current assets have fallen by 7.9% to £39,000, while net assets have increased by 53% to £2,200. Bank borrowings have decreased by 27%, and cash reserves have increased by 91% to £3,700. However, creditors have risen by 94%, suggesting increased reliance on short-term financing. Trade debtors have plummeted by 100%, a significant change. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the rise in creditors could be a cause for concern. As a small company, it's exempt from a full audit, so the figures are unaudited.

Overall, One Home Store Ltd appears to be navigating a challenging environment. While its e-commerce operation seems active, the financial data suggests it’s burning through cash, and the increase in creditors is something to keep an eye on. It's a small business with a lot of potential, but it needs to manage its finances carefully to ensure its long-term survival.

Registered in England/Wales under the registration number 10883317, with a registered address at WS10 7RR, England, Wednesbury, 40 Victory Avenue.

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