Scotts (2023) Limited

Scotts (2023) Limited is a small, active holding company based in Burgess Hill, UK, founded seven years ago in 2017. With 135 employees and £2,507,000 in assets, it operates from a real address and is managed by three directors and a single owner. The company’s core business involves retail sales via mail order and internet, as evidenced by its website, Scotts of Stow. The site showcases a wide range of homeware, furniture, and lighting, catering to a discerning clientele. While a regular exporter of clothing and accessories (not knitted or crocheted), it’s an irregular importer of furniture, lighting, and prefabricated buildings, with recent import activity recorded as of December 1, 2024.

Scotts of Stow’s website highlights a focus on quality heritage homeware, offering everything from kitchen essentials to garden furniture. The site also features a "Top 10 Garden Ideas" section and a sale area, suggesting a strategy to attract a broad range of customers. It even has a WEEE scheme and a modern slavery statement, indicating a commitment to environmental responsibility and ethical practices. The site’s design is clean and user-friendly, with clear navigation and high-quality product images.

However, a closer look at the company’s financial data reveals some concerning trends. Accrued liabilities and deferred income have increased dramatically, jumping 340% to £540,000, while intangible assets have decreased significantly. Bank borrowings remain stable at £850,000, but amounts owed to group undertakings have fallen by 13% to £3 million. Average employee numbers have dropped sharply, from 140 to just 84—a 38% decrease. Cash reserves, however, have increased by 47% to £340,000. The company’s net current assets and liabilities have also changed, with a 35% change.

Despite these shifts, the company’s equity has decreased by 250% to -£2.2 million. This suggests the company is burning through cash or facing increased debt obligations. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. While Scotts (2023) Limited appears to be maintaining a presence in the homeware market, its financial health warrants close monitoring. The parent company, Woolovers Ltd, may need to provide additional support to ensure the company’s long-term sustainability.

Registered in England/Wales under the registration number 10888001, with a registered address at RH15 9NB, England, Burgess Hill, West Sussex, Wool Overs House, Victoria Gardens.

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