Hangfast Limited

Hangfast Ltd from Keighley UK is a small, active company founded 19 years ago. With two employees and £184,293 in assets, it operates from a virtual address – a fact highlighted by the presence of 76 other companies registered at the same location. The company is led by three directors and a solo founder, John James Beers. It regularly imports and exports toys, games, and sports equipment, with 7 months of import activity and 9 months of export activity recorded.

The company’s website, Hangfast Adventure, showcases a diverse range of innovative climbing and adventure structures. It designs, manufactures, and installs climbing walls, rope courses, artificial caving systems, and flight towers for leisure facilities and climbing centres. The site emphasizes customisation, catering to various budgets and spaces, and highlights the company's ability to create "epic adventures" and "unforgettable experiences." It’s clear they’re aiming to provide unique, immersive experiences for customers.

Financially, Hangfast Ltd presents a mixed picture. Current assets have fallen by 18% to £180,000, while net assets have plummeted 48% to £66,000. Bank borrowings have increased by a significant 6.8% to £300,000, and cash reserves have decreased by 420% to £37,000. Trade debtors have increased substantially by 51%, suggesting potential issues with customer payments. The company's small size – meeting two of three conditions for being a small company – allows for agility, but the decline in equity is a cause for concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

It seems Hangfast Ltd is navigating a challenging period, despite its innovative products and strong focus on customer experience. The increased debt and declining equity suggest the company may be burning through cash, but it’s too early to say for sure.

Registered in England/Wales under the registration number 05671554, with a registered address at BD21 3DS, England, Keighley, West Yorkshire, Russell Chambers, 61a North Street.

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