Hancox Bros Ltd

Hancox Bros Ltd is a small, active company based in Brough, UK, established four years ago in 2021. With a real registered address and two directors and owners—Hancox Callum and Hancox Gavin—the family business employs just one person and holds £95,564 in assets. It operates in mixed farming and the other letting and operating of own or leased real estate industries. The company is a regular importer, specializing in machinery, boilers, and mechanical appliances; parts, with nine months of import activity recorded, the latest in November 2024.

The company's website, Hancox Estates, focuses on providing quality serviced accommodation in the Telford area. It emphasizes being a family-run business and offers properties for rent, alongside a portfolio of traditional family homes. The site also features a "SpareRoom" link for property availability and promotes its services with a focus on quality and customer satisfaction. It’s a trading name of Telford Design and Development Ltd.

Financially, Hancox Bros Ltd presents a mixed picture. Accumulated depreciation for plant machinery has increased significantly, from £38,000 to £230,000—a 500% growth—while additions to plant machinery remained constant at £1.1 million. Cash bank on hand increased by 93% to £89,000, but creditors ballooned by 98% to £2.1 million. Net assets declined sharply to -£96,000, and net current liabilities increased to -£2 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial increase in liabilities suggests a need for careful financial management. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Hancox Bros Ltd appears to be navigating a period of growth and investment, but the increasing liabilities warrant close monitoring.

Registered in England/Wales under the registration number 13348522, with a registered address at HU15 2XW, England, Brough, Chapel Farm Old Trough Lane, Sandholme.

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