Selling Hut Ltd

Selling Hut Ltd is a small, active company based in Birmingham, UK, founded two years ago. With £3,838 in assets and a real address, it’s a solo-founder operation led by a single director and owner, Harbord Matthew Peter. The company operates in the retail sale via mail order houses or via internet industries, specializing in luxury watches, jewellery, and related services. Its website, The Luxury Hut, showcases a wide range of brands, including Rolex, Cartier, and Audemars Piguet, offering sales, trade-ins, repairs, and even a showroom appointment service.

The Luxury Hut’s website reveals a business model centered around buying, selling, and trading luxury items. It offers a variety of services, including watch and jewellery valuations, part exchanges, and even consignment options. The site’s emphasis on authenticity, expert service, and a wide selection of brands suggests a focus on catering to discerning customers. It’s a pretty good operation, really.

Financially, Selling Hut Ltd presents a mixed picture. Current assets remain steady at £3,800, but net assets are in the negative, sitting at -£550. Bank borrowings are minimal, and cash reserves are a modest £840. Trade debtors are a mere £1, while creditors are a more substantial £4,900. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of employees (zero reported) suggests a lean operation, and with no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

While the website appears active and well-maintained, the financials suggest the company is burning through money. The negative equity and reliance on creditors indicate a need for increased revenue or cost management. It's a pretty small business, though, and these things happen.

Registered in England/Wales under the registration number 14519945, with a registered address at B3 1QS, England, Birmingham, Studio 2 50-54 St. Pauls Square.

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