F.w. Hipkin Limited

F.w. Hipkin Limited, based in Chadwell Heath, Dagenham, UK, is a large company with a long history, founded eighty-eight years ago. The firm, a holding company with an active status, employs sixty-one people and holds assets worth £10.44 million. Yearly revenue reached £26.45 million. The company, boasting a perfect 5.0 Google rating from eight reviews, operates from a real address and is managed by four directors and one owner. It’s a regular importer and exporter of plastics and plastic products, with a history of 204 months of imports and 16 months of exports.

The company’s website, salesfwhipkin.co.uk, positions F.w. Hipkin Limited as a leading distributor of plumbing products. It offers a catalogue of over 12,000 items, partnering with APC for tracked next-day delivery. The site highlights leading brands and emphasizes serving independent plumbers merchants. It also includes a section for requesting a catalogue, a sign of a traditional, B2B business model. The company actively promotes its product range and distribution services, and even offers a section for new products.

Financially, F.w. Hipkin Limited shows a mixed picture. While current assets increased by 17% to £10 million, the company’s net assets decreased by 2.5% to £6.5 million. Bank borrowings surged by 42%, reaching £3.8 million, and cash reserves fell 11% to £77,000. Creditors decreased by 18%, which is a positive sign. The company meets the criteria to be considered a large company, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and average number of employees more than 250. The company’s average number of employees increased by 8.2%, indicating growth. The company’s auditor is Landmark Audit Limited.

Despite the increase in bank borrowings, the decrease in creditors suggests better debt management. The company’s focus on distribution and its established relationships with plumbing merchants indicate a stable business model, but the increase in borrowings raises questions about its investment strategy.

Registered in England/Wales under the registration number 00322577, with a registered address at RM8 1NU, Chadwell Heath Dagenham, Essex, Acorn House, Coppen Road Off Selinas Lane.

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