Tts Trading Limited

TTS Home is a small, active company based in Earby, Lancashire, UK, founded three years ago in December 2021. With £102,699 in assets and a real registered address, it employs just one person and is overseen by four directors, with Lai Tsz Kit as the sole owner. The company operates as an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of March 2024.

TTS Home’s website paints a picture of a traditional trade counter with a modern edge. It caters to tradespeople, offering a wide range of materials including plumbing supplies, bathroom fixtures, tiling, boiler spares, and sheet materials. The company boasts a 7,000 sq ft warehouse, a designer showroom, and a friendly trade counter, emphasizing competitive pricing and fresh bean-to-cup coffee. They offer local delivery and a specialised trade-only service, and actively engage with customers through Facebook and Instagram. The website also highlights a separate venture, 1066 Pianos, a high-end piano restoration business operating from Cambridge with a showroom in Harrods.

Financially, TTS Home’s recent performance is concerning. Net assets plummeted by a staggering 2,200%, landing at -£150,000. Cash reserves fell 540% to £41,000, and net current assets liabilities ballooned by 5,400% to -£360,000. Creditors surged 1,900% to £460,000, while bank borrowings increased significantly. Despite these challenges, trade debtors remained stable. As a small company meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it benefits from flexibility, but the dramatic decline in equity and the reliance on creditors suggest financial strain. The unaudited accounts, prepared using VT Final Accounts software, don’t mention an auditor, which is likely due to the company’s small size and exemption from an audit. It's clear that while TTS Home is serving a niche market with a strong online presence, it’s currently facing significant financial headwinds.

Registered in England/Wales under the registration number 13780208, with a registered address at M7 1AD, England, Salford, 32 Kempster Gardens.

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