H&m Best Meat Ltd

H&m Best Meat Ltd, based in London, UK, is a small, active company founded twelve years ago. Employing twenty-one people, it holds £1,508,299 in assets and operates from a virtual address, registered with Akademi Accountancy. With two directors and two owners, the company boasts a respectable 4.0 Google rating from nine reviews. It's a regular importer, primarily of meat and edible meat offal, with recent activity recorded in August 2024.

The company’s website, listed on the Turkish Business Directory, positions itself as a platform connecting businesses within the Turkish community. It offers a range of services, including business listings, classified ads, and a directory of local businesses. The site’s design is somewhat dated, and its functionality appears limited, suggesting a focus on basic listings rather than a sophisticated e-commerce platform. It’s not clear if H&m Best Meat Ltd utilizes the directory to directly sell its products, or if it’s simply listed to increase visibility.

Financially, H&m Best Meat Ltd presents a mixed picture. Accumulated depreciation for furniture and fittings increased dramatically by 1300%, while motor vehicle depreciation rose by 13%. Interestingly, the number of employees has doubled to thirty-two, a significant increase that may be driving up costs. Bank borrowings have also increased, with overdrafts rising by 31%. On a positive note, creditors have decreased, and cash reserves remain at £350,000. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increase in debt and the decrease in cash should be monitored. There’s no mention of an auditor, which is common for smaller companies. The company’s net assets have increased by 19%, but the increase in trade debtors by 66% suggests that they are having trouble getting paid.

Registered in England/Wales under the registration number 08517891, with a registered address at N17 7NA, England, London, Akademi Accountancy, 500 White Hart Lane.

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