Hammond & Company Ltd.

Hammond & Company Ltd from Hertfordshire, UK, is a small, active company with a long history, having been founded 61 years ago in 1963. The firm employs 12 people and holds assets totaling £668,755. With two directors and a single owner (a solo founder), it operates from a real address and has been importing basic metal tools and utensils for eight months, while exporting them for a more substantial 56 months.

The company’s primary focus appears to be accounting services, as evidenced by its website. It’s a modern practice, offering cloud accounts and emphasizing transparency and expertise. The site highlights client testimonials and case studies, showcasing work with businesses like RRK Van Sales, Circle Business Coaching, and Diamond Anchor Limited. They also provide services like digital business support, car dealer advice, and VAT assistance. Hammond & Company Ltd’s website even has a section dedicated to news and events, including charity initiatives.

Financially, Hammond & Company Ltd shows a mixed picture. Current assets have decreased by 5.3% to £670,000, while net assets have fallen 4% to £680,000. Cash and cash equivalents have increased by a significant 55% to £81,000, a positive sign. However, trade debtors have seen a substantial drop of 32%, and bank borrowings have also declined. Creditors have decreased by 30%, which could indicate improved debt management. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s unaudited accounts, prepared using Caseware UK (AP4) 2023.0.135, show a slight increase in taxation payable.

Despite the decline in debtors, the increase in cash reserves suggests the company is managing its finances effectively, although the decrease in net assets is something to keep an eye on. The absence of an auditor mentioned in the financial statements is common for small companies, relying on director-reported data. Overall, Hammond & Company Ltd seems to be a stable, long-standing business, navigating the challenges of a competitive market with a focus on client service and expertise.

Registered in England/Wales under the registration number 00779611, with a registered address at HP2 7PT, Hertfordshire, 2 Finway Road, Hemel Hempstead.

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