Hartly Limited

Hartly Ltd from Romsey UK is a small, active company founded 13 years ago. With six employees and £14,282,089 in assets, it’s a modest operation led by a solo founder and two directors. The company has a real address and is owned by Ridge Darren Michael. Hartly Ltd is an irregular importer, primarily bringing in stone, plaster, cement, and similar material products, with the last import activity recorded one months ago in April 2022. The company operates in the development of building projects industries.

The business appears to be centered around importing and supplying building materials, though a website isn't available to confirm this. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. This allows it to remain agile, but also means it’s likely to be more sensitive to market fluctuations.

The financial picture is a little complex. While fixed assets increased by 3.9%, depreciation on property, plant, and equipment actually decreased by 22%. Bank borrowings decreased by 6.7%, which is a positive sign, but creditors increased by 14%, suggesting a reliance on trade credit. Most concerning is the significant drop in equity, which plummeted 46% to -£2.1 million. This suggests the company is burning through cash, or has taken on significant debt. Debtors have increased dramatically, by 570%, which could be a sign of delayed payments or an aggressive sales strategy. Cash reserves remain at a modest £24,000.

The company’s small size means it’s likely exempt from an audit, so these figures are unaudited. The increase in creditors and the decrease in equity are concerning, but the decrease in bank borrowings is a positive. The company’s ability to sustain its operations will depend on its ability to manage its debts and improve its cash flow.

Registered in England/Wales under the registration number 07876554, with a registered address at SO51 0GF, England, Romsey, Hampshire, Awbridge Danes Danes Road, Awbridge.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.