Hammond Drysuits Ltd

Hammond Drysuits Ltd, based in Dartford, UK, is a small, family-run business with an active status, having been founded nineteen years ago. The company employs fourteen people and holds £411,545 in assets. It operates from a real address and is managed by two directors and two owners. Hammond Drysuits is an irregular importer and exporter of clothing and accessories, not knitted or crocheted, with import activity spanning two months and export activity for one month.

The company’s core business revolves around the manufacture of other wearing apparel and accessories, catering to a diverse range of watersports and commercial uses. Their website showcases a wide array of drysuits, from scuba diving and commercial rescue suits to surface watersports and shortie options. They also offer repair services, waterproof cast covers, and a selection of accessories like undersuits and gloves. The website’s design and content emphasize British craftsmanship and a commitment to quality, with a focus on madeto measure options and personalized service.

Financially, Hammond Drysuits Ltd presents a mixed picture. Cash reserves have increased significantly by 21% to £260,000, a positive sign of liquidity. However, net assets have also risen by 15% to £300,000, suggesting a build-up of equity. Trade debtors have increased substantially by 96%, which could indicate difficulties in collecting payments or an expansion of credit terms. Creditors have also risen by 17%, which is not necessarily a bad sign. Bank borrowings have increased by 9.5%, which could be a result of increased investment. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increased debt levels warrant monitoring. The company is exempt from an audit as a small company, so the figures are unaudited. Overall, Hammond Drysuits Ltd appears to be a stable, family-run business, but the financial data suggests a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 05549591, with a registered address at DA2 8DH, Dartford, Kent, Dene Yard, Green Street Green Road.

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