Thorness Ltd

Thorness Ltd from Alton UK: a small, active company founded ten years ago in 2014, employs four people, and holds £349,880 in assets. It's a real address, managed by four directors and one owner, and operates an e-commerce site. The company regularly imports toys, games, and sports equipment, with 10 months of import activity recorded, the latest in November 2024.

The website, Thorness.co.uk, is a vibrant online marketplace offering a wide range of products, from hats and bags to kitchenware and arts & crafts supplies. It’s not just about everyday items; the site also features a selection of unique gifts, home décor, and even tarot divination tools. The site’s extensive catalog, categorized by price, brand, and inspiration, suggests a broad appeal to both casual shoppers and hobbyists. It also has a technology section with items like cassette players and dash cams.

Financially, Thorness Ltd presents a mixed picture. While cash reserves increased by 42% to £36,000, net assets decreased by 13% to £36,000. Bank borrowings rose by 53% to £36,000, and creditors jumped significantly by 53% to £36,000. Trade debtors also increased by 41% to £110,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt and creditors raises some concerns. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s focus on diverse product categories and its e-commerce presence suggest an attempt to cater to a wide range of customer needs. However, the financial data indicates that Thorness Ltd is facing some financial pressures, and it’s not clear if the company can sustain its growth trajectory.

Registered in England/Wales under the registration number 09101051, with a registered address at GU34 1RG, Alton, Hampshire, 5 Chawton Park Road.

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