Party Hq Ltd.

Party Hq Ltd, based in Leeds, UK, is a small, active company founded eight years ago. With 29 employees and £1,576,744 in assets, it operates from a virtual address, a detail flagged by its registration at an address shared by 42 other companies. The business is a family affair, managed by two directors and four owners, and holds a Google rating of 3.0 based on 447 reviews. Accounts are currently overdue by four months, a potential concern. The company imports toys, games, and sports equipment irregularly, with the last import recorded one month ago.

Party Hq Ltd’s operations appear to center around retail, specifically the other retail sale of new goods in specialised stores. A Trustpilot scraper test revealed that the company does not appear to have a presence on the platform, and attempts to access it were blocked. This suggests a limited online presence, or potentially a deliberate avoidance of customer review platforms.

Financially, Party Hq Ltd presents a mixed picture. While current assets increased by a substantial 93% to £1,600,000, net assets have decreased by 130% to -£2,700,000. Bank borrowings have surged by 2,400% to £29,000, and cash reserves have fallen 31% to £340,000. Creditors have also increased significantly, rising by 130% to £1,400,000. Trade debtors have increased by 490% to £650,000, and other taxation social security payable has risen by 510% to £55,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant equity drop and increased debt raise questions about its financial health. There is no auditor mentioned, indicating an exemption as a small company.

In short, Party Hq Ltd is facing financial pressures despite its active status and family ownership. The company's future success will likely depend on its ability to manage its increased debt and improve its equity position.

Registered in England/Wales under the registration number 10199129, with a registered address at LS1 4DJ, England, Leeds, 20-22 Bridge End.

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