Red Hot Products Limited

Red Hot Products Ltd from Exeter UK is a small holding company with an active status, established 16 years ago. The company employs 28 people and holds assets totaling £4,918,305. It has a real address, is overseen by two directors, and has one owner. The business regularly imports and exports essential oils and perfumes, with 99 months of import activity and 6 months of export activity recorded.

The company’s website showcases its role as a distributor of professional haircare brands, primarily milkshake and Davroe. It operates from a business park in Exeter and lists a phone number and email address. The site highlights the brands it carries and provides a contact form for inquiries. It's clear they're focused on business-to-business sales rather than direct-to-consumer e-commerce.

Financially, Red Hot Products Ltd presents a mixed picture. Current assets have increased by 11% to £4,900,000, while net assets have grown significantly by 36% to £4,900,000. Bank borrowings have been completely eliminated, a positive sign. However, creditors have decreased by 74%, suggesting that they're managing their debts well. Trade debtors have also decreased by 17%, which is a good sign. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors may indicate a reliance on short-term financing. There's no auditor mentioned, which is typical for a small, exempt company.

The company's focus on wholesale distribution and premium haircare brands suggests a stable, albeit competitive, market. The elimination of bank borrowings is a significant achievement, but ongoing monitoring of creditor levels will be important to ensure continued financial health.

Registered in England/Wales under the registration number 06831515, with a registered address at EX5 1FG, United Kingdom, Exeter, Devon, Unit 1 Jacks Way, Hill Barton Business Park.

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