Orchard Housewares Limited

Orchard Housewares Ltd from Leicester, UK, is a small, family-run business that’s been active for just a year. With four employees and £428,083 in assets, it’s a modest operation led by two directors and owners, Lakhani Pratibha and Lakhani Dipakkumar Dullabhji. The company boasts a perfect 5.0 Google rating from a single review, a testament to its customer service. It operates in the non-specialised wholesale trade industries and is an irregular importer, bringing in prepared or preserved plant-based foods for two months, with the latest import made in February 2024.

The company’s website is minimal, providing no details about its operations beyond its registration information. It appears to focus solely on wholesale trade, lacking an e-commerce presence or direct-to-consumer sales. This suggests a business-to-business model, supplying retailers or other wholesalers with plant-based food products.

Financially, Orchard Housewares Ltd presents a mixed picture. While its current assets remain stable at £430,000, its net assets have fallen to -£120,000, a significant drop. Bank borrowings have increased to £30, a small increase, and cash reserves are stable at £40,000. Trade debtors have also increased to £180,000. Despite meeting two of three conditions for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the negative equity raises concerns. The company’s accounts are unaudited, a common practice for small companies, and there’s no mention of an auditor.

Despite the negative equity, the company’s stable assets and cash reserves suggest it's not on the brink of collapse. However, the significant loss indicates it’s burning through money, and the increase in trade debtors could be a sign of difficulties collecting payments. It's likely that the company is reliant on strong relationships with its suppliers and customers to navigate these challenges.

Registered in England/Wales under the registration number 14963802, with a registered address at LE2 7SR, England, Leicester, 80 Commercial Square.

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