Hammerstein Auctions Ltd

Hammerstein Auctions Ltd from Yeovil, UK, is a small, active company founded 10 years ago. With just two employees and three directors, it’s a relatively lean operation led by a solo founder. The company boasts a perfect 5.0 Google rating based on two reviews, a testament to its customer service. It operates from a real address in East Coker, Somerset, and has one owner, Bruce Ian Robert.

The company’s core business revolves around retail sale via mail order houses or via internet, as evidenced by its online marketplace. Hammerstein Auctions facilitates the buying and selling of agricultural, construction, commercial, and automotive equipment through timed online auctions. The website emphasizes competitive rates, a global platform, and customer service, connecting buyers and sellers worldwide. It also offers services like fixed-fee listings, vetted buyers, dedicated sales advice, secure payments, and even arranges collection and delivery. A valuation service is also available to help sellers price their machinery.

Financially, Hammerstein Auctions Ltd presents a mixed picture. While the company is classified as small, meeting two of three conditions (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets have decreased to -£9,500. Creditors have risen slightly to £38,000, and other payables have increased to £920. On a positive note, trade creditors have remained steady at £830. Cash reserves are not reported. The company’s reliance on bank borrowings is not reported. The lack of an auditor mentioned suggests it’s exempt as a small company, and the figures are unaudited.

The company's financial data suggests it’s facing some challenges, although it’s difficult to say if it’s burning through money or simply experiencing typical startup pressures. The increase in creditors and the decrease in net assets are concerning, but the company’s online marketplace and customer service focus could help it navigate these difficulties.

Registered in England/Wales under the registration number 09093790, with a registered address at BA22 9HY, Yeovil, Somerset, No. 1 The Old Coach Yard, East Coker.

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