123hydro Ltd

123 HydroSolutions, based in South Woodford, London, is a small, active company established eight years ago. With a single employee and £7,697 in assets, it operates as an irregular importer of paper and paperboard products, with its last import activity occurring two years prior. The company is led by a single director and owner, Norvaisis Sarunas.

The company's website reveals a specialized service: carbon cleaning for vehicles. It offers mobile carbon cleaning services, promoting benefits like increased power, reduced fuel consumption, and quieter operation. The site targets car owners seeking an alternative to expensive motor maintenance, offering services like catalytic converter cleaning, fuel injector cleaning, and DPF filter cleaning. It also offers a return request form and boasts positive customer reviews, highlighting punctuality and effective problem-solving. The business operates from Groningen, Netherlands, and offers 24/7 support.

Financially, 123 HydroSolutions presents a concerning picture. Accumulated depreciation has wiped out its plant and machinery assets, leaving them at zero. Bank borrowings have vanished entirely, and cash reserves have plummeted by 75%, leaving only £3,500. Creditors have increased by a significant 60%, and net assets have decreased by 4.7% to -£32,000. Trade debtors have also disappeared. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the dramatic decline in assets and cash suggests a company burning through money. The unaudited accounts, prepared using Taxfiler software, don't mention an auditor. The company's focus on specialized vehicle services may be a niche market, but the financial data indicates a need for careful management and a strategy to stabilize its financial position.

Registered in England/Wales under the registration number 10330376, with a registered address at E18 1AN, England, London, First Floor, 107 George Lane, South Woodford.

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