Flexi-hex Ltd

Flexi-Hex Ltd, based in Helston, UK, is a small, active family business founded eight years ago. With 15 employees and £1,307,835 in assets, the company operates from a real address and is managed by five directors and two owners. It’s a regular importer of paper and paperboard products (3 months) and a regular exporter (13 months).

The company’s website showcases its innovative “FlexiHex” sleeve – a plastic-free, biodegradable packaging solution made from recycled paper. It’s marketed towards a range of industries, including boardsports, cosmetics, electronics, and commercial sectors, emphasizing its protective qualities and sustainability. The website highlights partnerships with brands and touts its B Corp certification, underscoring a commitment to ethical and environmental responsibility. They even have a section on how to buy and use their product.

Financially, Flexi-Hex Ltd presents a mixed picture. While cash reserves have impressively increased by 370% to £680,000, other areas show concerning trends. Net assets, however, have decreased by 30% to -£1.9 million, and the average number of employees has fallen by 27% to 11. Trade debtors have significantly increased by 310%, reaching £410,000, which could indicate difficulties in collecting payments. Creditors, however, have decreased by 28%, suggesting better management of short-term liabilities. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to small company exemption.

Despite the concerning equity decline, the substantial increase in cash reserves suggests the company has been able to generate revenue and manage its operations effectively. The decrease in employees, however, may reflect restructuring or a shift in operational strategy. It’s clear that Flexi-Hex Ltd is navigating a period of change, balancing its commitment to sustainability with the financial realities of running a growing business.

Registered in England/Wales under the registration number 10666482, with a registered address at TR13 9JX, United Kingdom, Helston, Cornwall, The Net Loft The Moors, Porthleven.

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