Westhoughton Hardware & Diy Limited

Westhoughton Hardware & Diy Ltd from Bolton UK: a small, active company founded eleven years ago, employs twelve people, and holds £397,609 in assets. It’s a real address, managed by three directors and a solo founder, and enjoys a stellar 5.0 Google rating from 301 reviews. The company regularly imports miscellaneous manufactured goods, with activity spanning eight months, the latest in January 2025.

The business operates in the wholesale of hardware, plumbing, and heating equipment, and supplies, and its website, while not fully e-commerce, does showcase a wide range of products. It's a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Westhoughton Hardware & Diy Ltd presents a mixed picture. Current assets increased by a healthy 46%, reaching £400,000, while net assets declined by 9.3%, settling at £110,000. Bank borrowings decreased by 20%, and cash reserves rose by 170%, reaching £130,000. Creditors, however, surged by 56%, reaching £290,000, suggesting increased reliance on trade credit. Trade debtors, on the other hand, plummeted by 97%, which could indicate more efficient collection practices, or perhaps a shift in sales terms. The company's unaudited financial statements, prepared using CCH software, show a decrease in goodwill, and a significant increase in depreciation on motor vehicles.

The rise in creditors, despite the strong asset growth, is something to keep an eye on. Perhaps the company is investing heavily in inventory to meet demand, or negotiating longer payment terms with suppliers. The lack of an auditor mentioned is typical for a small company, but it means the figures are reliant on director-reported data. Overall, Westhoughton Hardware & Diy Ltd seems to be holding its own, but the financial details suggest a period of investment and growth, with some potential challenges on the horizon.

Registered in England/Wales under the registration number 08814472, with a registered address at BL5 3AJ, Bolton, Units 2 & 3 Pavilion Square, Cricketers Way Westhoughton.

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