Towergate Home & Garden Ltd

Towergate Home & Garden Ltd, based in Chester, UK, is a small, active company founded nine years ago. It holds £17,497 in assets and operates from a real address, managed by a single director and owner – a solo founder. While boasting a 3.0 Google rating from 25 reviews, the company’s accounts and confirmation statements are currently overdue by two years.

The business primarily operates in the retail sector, selling insurance products both online and through brokers. Its website showcases a wide range of insurance solutions for personal and business needs, including specialist coverage for camera equipment, care homes, commercial property, and even equine interests. The site highlights a diverse portfolio, from caravan insurance to military family medical expenses, catering to niche markets. It even has a section for therapists, offering coverage for beauty therapists, hypnotherapists, and psychologists.

Financially, Towergate Home & Garden Ltd presents a mixed picture. Cash bank on hand increased by 80% to £6,200, which is good news. However, net assets decreased significantly by 110%, dropping to -£780. Bank borrowings remained steady at £10,000, but trade debtors plummeted by 85%, which could indicate issues with collecting payments. Creditors, however, increased by 45%, and other debt increased by 63%. The company meets the criteria to be considered small, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is not unusual for a small company.

The company’s financial trends suggest a period of adjustment. While the increase in cash is positive, the decrease in net assets and the drop in debtors raise concerns. The business’s diverse product offerings and online presence indicate a focus on customer service and niche markets, but its long-term financial health remains uncertain.

Registered in England/Wales under the registration number 09759690, with a registered address at CH4 8SH, Wales, Chester, 2 Moorcroft Mews High Street, Saltney.

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