Hamcor Limited

Hamcor Ltd from Torpoint, UK, is a small, family-run business that's been active for 17 years. With just three employees and £91,188 in assets, it’s a modest operation founded in 2008. Two directors and two owners manage the company, which operates a real address and an e-commerce site, earning a solid 4.0 Google rating from eight reviews.

The company specializes in the retail sale via mail order houses or via internet, offering a wide range of sheet music, instruments, and music theory resources. Its website showcases an extensive catalog, catering to musicians of all levels and instruments—from piano and violin to guitar and drums. It also provides music books for exams, popular collections, and theory papers. The site’s clear organization and detailed product descriptions suggest a customer-focused approach.

Financially, Hamcor Ltd’s recent performance shows a mixed picture. Current assets have decreased by 22% to £91,000, while net assets have fallen by a significant 260% to -£22,000. Cash reserves have also dropped by 11% to £1,900, and bank borrowings have increased by 2,400% to £29,000. Creditors, however, have decreased by 6.8% to £120,000, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 100 employees. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The sharp decline in equity is a cause for concern, but the company's long-standing presence and positive customer reviews suggest resilience. Hamcor Ltd’s ability to navigate these financial pressures will likely depend on its continued success in serving the music education market.

Registered in England/Wales under the registration number 06481043, with a registered address at PL10 1DT, United Kingdom, Torpoint, Cornwall, West Park House Lower Anderton Road, Millbrook.

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