Wheelers Luxury Gifts Limited

Wheelers Luxury Gifts Ltd from Leicestershire UK: a small, active company founded 40 years ago, employs eight people, and holds £762,733 in assets. It’s a family business with three directors and two owners, operating from a real address and maintaining a 5.0 Google rating from 69 reviews. The company regularly imports miscellaneous manufactured goods (for five months) and exports them (for 29 months), with the last export operation in December 2024. It operates an e-commerce site and specializes in the retail sale of new goods in specialized stores.

The company’s website showcases a diverse range of luxury gifts, home décor, and collectibles, catering to a discerning clientele. While it’s difficult to ascertain the scale of the online operation without further data, the website’s design and product selection suggest a focus on quality and exclusivity.

Financially, Wheelers Luxury Gifts Ltd presents a mixed picture. Current assets have decreased by 9.7% to £760,000, while net assets have fallen by 20% to £510,000. Bank borrowings have been eliminated, which is a positive sign, but cash reserves have declined by nearly 50% to £22,000. Trade debtors have increased significantly, by 470%, suggesting potential issues with customer payments, or perhaps an expansion of credit terms. Creditors have also decreased, which is a good sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, which is common for small companies.

Overall, Wheelers Luxury Gifts Ltd appears to be navigating a period of change. While the company maintains a strong online presence and positive customer reviews, the financial data indicates a need for careful management. The decrease in cash reserves and increase in trade debtors warrant close attention, but the elimination of bank borrowings is encouraging.

Registered in England/Wales under the registration number 01904847, with a registered address at LE11 3DW, Leicestershire, 15 Devonshire Square, Loughborough.

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