Wilec Homes Limited

Wilec Homes Ltd from London UK is a small, active company founded 19 years ago. With just two employees and £544,465 in assets, it's a lean operation led by two directors and a solo founder. The company operates in the retail sale via mail order houses or via internet industries, a niche sector. It's a real address, and the company has been around for a while.

The website, PissedConsumer, reveals a different story altogether. Wilec Homes isn't selling houses directly; instead, it's a platform for consumers to voice complaints and reviews about various companies. It's a bustling hub of consumer feedback, with users airing grievances about everything from Amazon delivery issues to FlixBus delays. The site features a marketplace for branded merchandise, including t-shirts and hoodies, capitalizing on its reputation as a consumer advocate. It's a clever pivot, leveraging its platform to generate revenue beyond advertising.

Financially, Wilec Homes Ltd presents a mixed picture. Accumulated depreciation has increased by 3%, suggesting ongoing investment in assets. However, cash bank on hand has fallen by 23%, and net current assets have plummeted by 83%—a significant decline. Bank borrowings have decreased by 29%, which is a positive sign, but creditors have risen by 21%, potentially indicating increased reliance on short-term financing. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the drop in equity is concerning. There’s no auditor mentioned, which is typical for a small company exempt from an audit.

Overall, Wilec Homes Ltd seems to be navigating a challenging financial landscape. While its consumer review platform is thriving, the underlying business faces pressures. It’s a fascinating example of a company adapting to changing market conditions, but its long-term sustainability remains to be seen.

Registered in England/Wales under the registration number 05678471, with a registered address at N2 0AH, United Kingdom, London, 33 Belvedere Court Lyttelton Road, Hampstead Garden Suburb.

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