Welcome Products Ltd

Welcome Products Hotel Supplies, based in Northolt, UK, is a small holding company with an active status, established 23 years ago in May 2001. The company holds £861,515 in assets and operates a real address, managed by three directors and two owners. It runs an e-commerce site and regularly imports miscellaneous manufactured goods (60 months) and exports them (3 months).

The company's website showcases a focus on hotel supplies and corporate gifting, offering a range of products from luggage to promotional merchandise. It positions itself as a specialist in sourcing and curating distinctive products for luxury hotels and corporate clients, emphasizing bespoke solutions and established relationships with manufacturers worldwide. The site highlights a dedicated luggage division featuring renowned brands and a promotional merchandise section promising to elevate brand allure with luxurious designs.

Financially, Welcome Products Ltd shows a mixed picture. Accumulated amortisation impairment for intangible assets increased by 39%, driven by goodwill, while accumulated depreciation for property, plant, and equipment rose by 24%. Bank borrowings decreased by 16%, and cash bank on hand fell by 2.7%. Creditors also decreased by 16%, suggesting improved debt management. However, finished goods and goods for resale increased by 13%, and net assets remained unchanged. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the increase in inventory and unchanged net assets could indicate a need to manage cash flow more effectively. There's no auditor mentioned, so the accounts are unaudited.

Overall, Welcome Products Ltd seems to be operating steadily, but the increase in inventory and unchanged net assets suggest a need for careful monitoring of its financial health.

Registered in England/Wales under the registration number 04224184, with a registered address at UB5 5HY, England, Northolt, Middx, Avad House Belvue Road, Northolt Industrial Estate.

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