H2oiq Limited

H2oiq Ltd from Worcester UK is a small, active company founded six years ago in 2018. Employing five people, it holds £391,208 in assets and operates from a real address. With three directors and one owner, the company is an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of November 2020.

The company’s website, H2OiQ, focuses on water saving and carbon reduction solutions, offering products like Air Purifiers, Showers, and Water Managers. It also provides consultancy services, efficiency reports, and case studies. The site highlights its expertise in areas like smart IOT monitoring, water efficiency site surveys, and bill validation. The website also features testimonials from satisfied customers, praising H2OiQ’s expertise and commitment to reducing water and energy costs. The site even has a shop section where products like tap flow restrictors and shower heads can be purchased.

Financially, H2oiq Ltd’s report shows a mixed picture. Cash reserves increased by 89% to £31,000, which is good, but net assets dramatically improved by 180% to £72,000. Creditors, however, surged by 39% to £150,000, and bank borrowings remained steady at £5. Average employees increased significantly by 140% to twelve, suggesting expansion. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors could indicate a reliance on short-term financing. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, H2oiq Ltd appears to be growing, but it’s important to monitor its debt levels. The company’s focus on water conservation and its strong customer testimonials suggest a promising future, though.

Registered in England/Wales under the registration number 11706601, with a registered address at WR5 2RD, England, Worcester, The Chapelry Walkers Lane, Whittington.

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