Halocycle Limited

Halocycle Ltd, based in Hull, UK, is a small, active company founded five years ago. With just two employees and £419,374 in assets, it operates from a virtual address shared by thirty-three other companies—a bit unusual, really. Four directors and two owners (though the list may not be exhaustive) steer the ship. The company’s primary activity is importing electrical machinery and equipment, though it's been irregular, with just two months of imports recorded in the last year, the last being November 1st, 2023.

Halocycle’s website paints a compelling picture. It's focused on solving the global plastics problem, turning waste plastic back into oil and gas. The site emphasizes the sheer scale of the issue – over 8 billion tonnes of plastic have been produced – and highlights Halocycle’s innovative microwave processing technology as a solution. They’re even featured in the Sunday Times 100 Tech, a testament to their potential. The company’s vision is a more sustainable lifecycle for plastics, reducing waste and returning valuable chemicals back into the polymer supply chain. They're currently undertaking testwork on waste PVC and invite packaging companies to participate in their chemical recycling trial programme.

Financially, Halocycle Ltd presents a mixed bag. While current assets have increased significantly to £420,000, a 170% jump, cash bank on hand has plummeted 68% to just £42,000. This suggests they may be investing heavily in their technology or expanding operations. Debtors have also increased by 17% to £25,000, while creditors have decreased by 37% to £78,000—a positive sign of improved debt management. The company’s equity, however, has seen some fluctuations, with the Further Specific Reserve Component Total Equity increasing, but Retained Earnings Accumulated Losses remaining unchanged. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decrease in cash reserves warrants attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Halocycle Ltd appears to be a promising startup tackling a significant environmental challenge. Their focus on innovation and collaboration, combined with their recognition in the tech sector, suggests a bright future—though careful management of cash flow will be key to sustaining their growth.

Registered in England/Wales under the registration number 12391272, with a registered address at HU1 3TG, England, Hull, East Yorkshire, 19 Albion Street.

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