H Retail Express Ltd

H Retail Express Ltd, based in Hengoed, UK, is a small, active company founded seven years ago. Despite a 4.0 Google rating from five reviews, the company is currently overdue on its accounts by one month. It holds £56,138 in assets and operates from a real address, managed by two directors and two owners who form a family business.

The company’s website reveals a fascinating operation: an AI merchandising software solution provider. It caters to retailers, offering solutions like intelligent merchandising, promotions, pricing optimisation, and supplier collaboration. The site lists a comprehensive directory of countries it serves, spanning Europe, Asia, Africa, and the Americas—a testament to its global reach. It appears to be an ecommerce business, selling software and services to other businesses.

Financially, H Retail Express Ltd shows a mixed picture. Cash bank on hand increased by a respectable 65% to £4,300, but corporation tax payable dropped dramatically by 100% to just £3. Creditors decreased by 8.2% to £40,000, and current assets declined by 9% to £56,000. Debtors, however, fell sharply by 85% to just £1,400, which could indicate improved collection practices or a slowdown in sales. Equity also decreased by 11% to £16,000. The company meets the criteria for being a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 70 employees. As a small company, it is exempt from a full audit, and the accounts are unaudited.

While the company's software solutions seem promising, the decline in equity and the decrease in debtors suggest potential financial pressures. It remains to be seen whether the company can sustain its growth and profitability in the competitive AI software market.

Registered in Wales under the registration number 11184058, with a registered address at CF82 6BB, United Kingdom, Hengoed, 14 Kingfisher Way, Penallta.

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