Smart Home Products Limited

Smart Home Products Limited is a small, active company based in Herne Bay, UK, founded thirteen years ago in 2012. With just two employees and £35,000 in assets, it’s a solo-founded operation managed by a single director and owner, Patel Amit Kumar. The company operates in the retail sale via mail order houses or via internet industries. While it has a registered address, it’s likely a virtual address, as twelve companies share the same location. Accounts are overdue by a year, which is something to keep an eye on.

The company's website is unavailable, so it’s difficult to determine the specifics of their online presence. However, their industry suggests an e-commerce focus, selling smart home products directly to consumers. It’s likely they utilize online marketplaces like Amazon or eBay in addition to, or instead of, their own website.

Financially, Smart Home Products Limited presents a mixed picture. Current assets have plummeted by 50%, dropping to £35,000, while net assets have decreased significantly by 64%, reaching -£150,000. Bank borrowings have also increased, with a 40% rise in non-financial instruments between two and five years. On a more positive note, creditors have decreased by 56%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the sharp decline in equity is concerning. Cash reserves have vanished completely, which is not good. The lack of an auditor is not unusual for a small company, so the unaudited figures should be viewed with caution.

It’s possible that Smart Home Products Limited is experiencing typical startup challenges or facing increased competition in the smart home market. The overdue accounts and declining equity suggest a need for careful financial management, and it would be wise to keep an eye on their progress.

Registered in England/Wales under the registration number 07942187, with a registered address at CT6 5HA, England, Herne Bay, Kent, Bayspace, 153 Mortimer Street.

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