Tent Hub Ltd

Tent Hub Ltd, based in Llangollen, UK, is a small, family-run holding company with an active status. Founded four years ago in December 2020, it employs just one person and holds £62,715 in assets. The company operates from a real address shared by six other businesses, indicating a potentially genuine location. It's led by one director and owned by three individuals – Eiat Holdings Ltd, Stephenson Matthew Douwe, and Stephenson Niamh Mairwen – although this list may not be exhaustive.

The company's website, Event in a Tent, specializes in temporary structure hire for weddings, festivals, corporate events, and private functions. It offers a range of products, including quad domes, stretch tents, sailcloth tents, and festival canopies, available for both hire and purchase. The site highlights eco-friendly options and turnkey foundation solutions, targeting commercial and domestic clients across the UK, Ireland, mainland Europe, and America. The company’s sister company, Event in a Tent, established in 2010, provides valuable experience and expertise in the tent and outdoor structures industry.

Financially, Tent Hub Ltd shows some concerning trends. Accumulated depreciation has increased by a significant 350%, and cash bank on hand has fallen by 260%. Creditors have risen by 28%, and other creditors have surged by an impressive 390%. Despite this, trade creditors have decreased by 18%, suggesting some improvement in debt management. Net current assets and liabilities have worsened, and bank borrowings have increased. The company’s small size (meeting two of three criteria for a small company) means it benefits from agility, but the decline in equity is a cause for concern. The company is exempt from an audit, so the financial statements are unaudited.

While the tent and structure hire business appears to be active and well-positioned, the financials suggest the company is burning through money. Whether it can sustain this level of activity remains to be seen.

Registered in England/Wales under the registration number 13093623, with a registered address at LL20 8HS, Wales, Llangollen, The Malthouse Business Centre, Regent Street.

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