Halifax Re Limited

Halifax Re Limited is a small, active company based in Halifax, UK, founded nine years ago in 2015. With £98,198 in assets and a virtual address shared by 319 other companies, it’s a modest operation employing five people and managed by three directors and two owners. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 19 months of import activity recorded, the latest in June 2024. It also exports these same items, albeit irregularly, with just one month of export activity as of April 2024.

The company’s website, Halifax Renewable Energy, focuses on providing renewable technologies to lower energy bills and carbon footprints. It offers heat pumps, solar PV systems, and boiler upgrade scheme information, positioning itself as a customer-oriented specialist offering bespoke, multitechnology solutions. The site also highlights expert advice and installation services, aiming to guide customers through the process of choosing the right system. The company’s associated website, 1066 Pianos, reveals a different venture: high-end piano restoration.

Financially, Halifax Re Limited shows a concerning trend. Current assets have plummeted 78% to £98,000, while net assets have dropped a staggering 98% to just £1,400. Bank borrowings have decreased by 30% to £23,000, and cash reserves have fallen a dramatic 85% to £56,000. Creditors have also decreased by 74%, suggesting better debt management, but the overall picture is one of significant financial strain. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises serious questions about its long-term viability. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Halifax Re Limited is facing considerable financial pressure. While its renewable energy focus and customer-centric approach are promising, the company needs to address its declining assets and cash reserves to ensure its survival.

Registered in England/Wales under the registration number 09675374, with a registered address at HX3 6AS, United Kingdom, Halifax, West Yorkshire, Horley Green House Horley Green Road, Claremount.

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