Haroys Limited

Haroys Limited, based in Bournemouth, UK, is a small holding company with an active status, having been founded 20 years ago. The company employs 22 people and holds £643,063 in assets, operating from a virtual address – a point of concern given 100 other companies are registered at the same location. It's managed by three directors and has one owner, boasting a respectable Google rating of 4.0 based on seven reviews. Haroys is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity occurring one month ago.

The company's website reveals a dual business model. While officially described as a manufacturer of assembled parquet floors, Haroys also operates "Interiors by Haroys," a joinery and bespoke kitchen business. Established in 1976, this division offers kitchens, bedrooms, bathrooms, and home offices, with a showroom even located in Harrods, London. The website emphasizes handcrafted products from sustainable sources and offers services from design to installation. It's clear they're trying to appeal to a high-end market.

Financially, Haroys Limited presents a mixed picture. While current assets increased slightly to £640,000, net assets significantly decreased by 28% to £190,000. Bank borrowings surged by 200% to £98,000, and cash reserves plummeted 99% to a mere £820. Creditors also increased by 34%, suggesting a reliance on credit. Trade debtors have risen substantially, too, which could be a concern. The company qualifies as small, meeting two of three criteria, and is exempt from an audit. Despite this, the decline in equity and cash reserves warrants close attention. It’s likely the company is facing some financial pressures, but the high-end kitchen and joinery division appears to be thriving, offering a potential buffer against these challenges.

Registered in England/Wales under the registration number 05166772, with a registered address at BH7 6DQ, England, Bournemouth, 864 Christchurch Road.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.