Shop Hut Limited

Shop Hut Ltd, based in Wembley, UK, is a small, active company that’s been around for a decade. Founded in 2015, it employs just one person and holds assets worth £254,238. The business operates an e-commerce site and is a irregular importer of toys, games, and sports equipment, with its last import operation recorded two months ago in September 2023. It’s run by a single director and owner, Gandhi Vaibhav.

The company’s website, TheHut.com, showcases a wide range of fashion, home, garden, gifts, and toys. It’s a large online retailer with a strong brand presence, featuring numerous well-known brands like Armani Exchange, Barbour, and Polo Ralph Lauren. The site is well-designed and easy to navigate, with clear product categories and a user-friendly checkout process. It also offers a loyalty program and regular sales promotions.

Financially, Shop Hut Ltd shows a mixed picture. While current assets increased by 27% to £250,000, net assets grew by a significant 210% to £53,000. Bank borrowings decreased by 72%, dropping to £1,300, and cash reserves fell 64% to £51,000. Trade creditors increased by 1400%, reaching £100,000, which could indicate an expansion of credit terms or a need to manage supplier payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company.

Overall, Shop Hut Ltd seems to be navigating a period of growth, but the sharp increase in trade creditors warrants close monitoring. The company’s large e-commerce operation and diverse product range suggest a solid foundation for future success, but it’s important to manage its financial obligations effectively.

Registered in England/Wales under the registration number 09529225, with a registered address at HA9 7UR, England, Wembley, Unit 2/17-2 Building A, Wembley Commercial Centre, East Lane.

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