Peter Hahn Limited

Peter Hahn Limited, based in Plymouth, UK, is a small holding company with an active status, having been founded 28 years ago in 1997. The company employs just one person and holds assets totaling £490,979. It operates from a virtual address, registered with 333 other companies, and is overseen by two directors and two owners. Peter Hahn Limited regularly imports and exports clothing and accessories, specifically items *not* knitted or crocheted, with 126 months of import activity and 170 months of export activity recorded. The last import was in December 2023, and the last export in November 2023.

The company’s website reveals a recent and significant change: Peter Hahn has ceased taking orders and will discontinue its business activities in the UK. The website states that it regrets this step but it is unavoidable. It will endeavour to process any outstanding orders already paid for. This suggests a sudden shift in strategy, likely driven by broader economic factors. The company operates in the retail sale via mail order houses or via internet industries.

Financially, Peter Hahn Limited’s recent report paints a concerning picture. Current assets have plummeted by a staggering 72%, falling from £1.8 million to just £490,000. Net assets have also seen a dramatic decline, dropping 320% to -£820,000. Bank borrowings remain stable, but trade debtors have fallen by 76%, which could be a result of the business winding down. Creditors have also decreased, suggesting some effort to manage debt, but the overall trend is one of significant financial strain. The company’s small size (meeting two of three criteria for a small company) means it’s not subject to a full audit, and the figures are unaudited. The auditor, PKF Francis Clark, has noted the company ceased trading on January 2024 and the financial statements were prepared on a basis other than going concern. This, along with the lack of any mention of a senior statutory auditor, is a worrying sign.

Registered in England/Wales under the registration number 03341321, with a registered address at PL1 3RP, United Kingdom, Plymouth, Devon, C/O Francis Clark Llp Melville Building East, Royal William Yard.

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