Hammermills Limited

Hammermills Limited, based in London, UK, is a small, active company established 27 years ago. With three employees and £2,120,640 in assets, it operates from a virtual address—a detail flagged by the registration of 143 other companies at the same location. The company is led by one director and one owner, though the owner list may not be exhaustive. It functions as a regular exporter of machinery, boilers, and mechanical appliances, with nine months of export activity recorded, and an irregular importer, with two months of import activity.

The company's website is non-existent, so it's difficult to assess its online presence or e-commerce activities. It appears to be a business-to-business operation focused on the repair of machinery and the installation of industrial equipment.

A review of the company’s financial data reveals a mixed picture. Current assets have decreased by 26%, dropping to £2,100,000, while net assets have increased by 130%, reaching £690,000. Bank borrowings have remained steady at £10,000, but cash reserves have fallen by 35%, sitting at £1,100,000. Trade debtors have risen significantly, increasing by 55% to £380,000, while creditors have plummeted by 41%, down to £1,700,000. Equity has also seen a substantial increase, rising by 130% to £690,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The substantial increase in equity, despite the drop in cash reserves, suggests the company may be reinvesting profits or securing funding. The rise in trade debtors could indicate slower customer payments or a strategy to offer more credit. With no auditor mentioned, the financial statements are unaudited. Overall, Hammermills Limited appears to be navigating a period of change, with a focus on managing debt and reinvesting in its core business.

Registered in England/Wales under the registration number 03508550, with a registered address at W1W 7LT, England, London, 85 Great Portland Street, 1st Floor.

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