Something Different Wholesale Limited

Something Different Wholesale Ltd, based in Swansea, UK, is a sizable company operating as a holding entity with an active status. Established twenty years ago in 2004, the company employs ninety individuals and manages assets totaling £6,876,304. Its yearly revenue reaches £10,939,619, demonstrating a robust financial performance. Despite having a registered address, it appears to be a virtual address, as 237 companies share the same location. The company is led by three directors and has one owner, with a Google rating of 5.0 based on 124 reviews. It operates an e-commerce site and regularly imports and exports ceramic products – 313 months of imports and 66 months of exports respectively.

The company’s core business revolves around wholesale distribution, with a particular focus on giftware, home accessories, garden products, and ethically sourced ranges. It caters to the gift trade, operating as a leading distributor in the UK. A related venture, 1066 Pianos, showcases a different facet of the business: high-end piano restoration, operating from Cambridge and even featuring a showroom in Harrods, London. This division specializes in museum-grade restorations and disaster recovery services.

Financially, Something Different Wholesale Ltd presents a mixed picture. While revenue remains strong, several key metrics show concerning trends. Current assets decreased by 13%, falling to £6,900,000, and net assets also declined by 11%, reaching £4,700,000. Bank borrowings increased significantly by 200%, hitting £21,000, while cash reserves fell by 40%, dropping to £210,000. Creditors also increased by 23%, reaching £2,200,000, suggesting a need to manage debt more effectively. The company is classified as large, having met two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. It’s worth noting that the company’s unaudited financial statements do not mention an auditor.

The trends suggest the company is facing some financial pressures, despite its strong revenue. The growth of bank borrowings and the decline in cash reserves could indicate a need to carefully manage expenses and working capital. However, the continued success of its core wholesale business and the prestige of the 1066 Pianos division suggest a resilient and adaptable business model, even if it needs some adjustments.

Registered in England/Wales under the registration number 05279035, with a registered address at SA7 9LA, Wales, Swansea, C/O Bevan Buckland Llp Ground Floor Cardigan House, Castle Court Swansea Enterprise Park.

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