Wholesale Domestic Holdings Limited

Wholesale Domestic Holdings Limited is a holding company based in Glasgow, UK, with an active status. Founded four years ago on February 11, 2021, it operates from a real address at 406 Hillington Road, Hillington Industrial Estate, G52 4NG. The company is led by two directors, with one owner, and was founded by a solo founder.

The company operates in the other retail sale of new goods in specialised stores, and the retail sale via mail order houses or via internet industries. It owns a company called Wholesale Domestic Equipment Company Limited. The company’s website is not available for review.

Financially, Wholesale Domestic Holdings Limited shows some interesting trends. Accrued liabilities deferred income have increased dramatically, jumping 2500% to £630,000, while cash reserves have fallen sharply, dropping 77% to just £74,000. Bank borrowings have decreased slightly, falling 7% to £3.9 million. It’s a bit concerning to see such a large increase in accrued liabilities, which could indicate growing expenses or delayed payments. The company’s profit loss, however, remains steady at £1.1 million, and net assets have increased significantly, rising 270% to £2.3 million. The company’s staff costs have also increased by 16% to £3 million.

The company's accounts are audited by Consilium Audit Limited. It’s worth noting that the company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. This means the figures are unaudited. The company’s growth in liabilities, despite steady profits, suggests it may be burning through cash faster than it’s generating it. The increase in bank borrowings, while not massive, is another sign of financial pressure. It seems like the company is investing heavily in its operations, but it needs to manage its cash flow carefully to avoid future problems.

Registered in Scotland under the registration number SC688940, with a registered address at G52 4NG, United Kingdom, Glasgow, 406 Hillington Road, Hillington Industrial Estate.

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