Hazmatlink Limited

Hazmatlink Ltd from Cheltenham, UK, is a small holding company with an active status, having been founded 20 years ago. The company employs just four people and holds assets totaling £5,666,499. It has a real address and is managed by one director and one owner, boasting a perfect 5.0 Google rating based on a single review. Hazmatlink Ltd regularly imports and exports optical and medical tools and devices, with 129 months of import activity and 71 months of export activity recorded.

The company operates in the other professional, scientific and technical activities n.e.c. industries. Its website, while not providing detailed information, suggests a focus on providing equipment for hazardous material handling. It's a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Financially, Hazmatlink Ltd’s report shows some interesting trends. Accumulated depreciation for furniture and fittings increased slightly, while motor vehicle depreciation remained stable. Amounts owed by related parties grew by 0.38%, and amounts owed to related parties saw a significant jump of 93.0%. Cash bank on hand increased by a substantial 88%, a positive sign, but creditors surged by 180%, which could indicate increased reliance on short-term financing. The number of employees decreased by 25%, which is a little concerning. Trade debtors increased by a huge 390%, which might be a sign of difficulties getting paid. Overall net assets decreased by 14%, which is not great. There was no mention of an auditor, which is likely due to the company’s small size and exemption from an audit.

The company’s financial report suggests a period of transition. While cash reserves are up, the increase in creditors and the decrease in net assets indicate a need for careful financial management. The decrease in employees could be a response to these pressures, or perhaps a strategic move to streamline operations.

Registered in England/Wales under the registration number 05196920, with a registered address at GL52 3NQ, England, Cheltenham, Gloucestershire, Brook House Brookfield Business Park, Gravel Pit Lane.

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