Woosworld Ltd

Woosworld Ltd from Crediton, UK, is a small, active company founded three years ago. With just two employees and £131,164 in assets, it operates from a virtual address—a detail worth noting as nineteen companies are registered at the same location. The company is led by two directors, with one owner who is also the solo founder. It boasts a stellar 5.0 Google rating based on 44 reviews.

Woosworld Ltd specializes in the retail sale of second-hand goods, antiques, and even vintage watches and jewellery. Its website, Tom Hart Coins, highlights a focus on coin dealing, offering valuations, buying, and selling services. The site emphasizes competitive pricing and a personal touch, with owner Tom Hart promising honest valuations and beating local competitors. It also has a connection to the Devon and Exeter Numismatic Society, suggesting a passion for collecting and community engagement. The business operates an e-commerce site selling PPE and site supplies, boasting a focus on coin dealing, offering valuations, buying, and selling services.

Financially, Woosworld Ltd presents a mixed picture. While current assets have grown substantially by 69% to £130,000, net assets have also increased significantly by 130% to £57,000. Cash bank on hand, however, has decreased by 22% to £47,000. Creditors have also risen by 42% to £76,000, and bank borrowings are up 2,400% to £29,000. Interestingly, dividends paid on shares have increased dramatically by 1,900%, reaching £41,000. The company’s small size—meeting two of three criteria for being a small company—allows it to remain agile, but the increase in debt and dividends raises questions about its financial sustainability. As a small company, it is exempt from an audit, and the figures are unaudited.

The significant increase in dividends, alongside the rise in creditors, suggests the owner may be taking profits out of the business, potentially at the expense of long-term investment. The decrease in cash reserves could indicate a reliance on credit to fund operations. It’s possible that the company’s success in coin dealing and antiques is driving these trends, but careful management will be crucial to ensure its continued health.

Registered in England/Wales under the registration number 13979658, with a registered address at EX17 3LQ, England, Crediton, 130a High Street.

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