Hbb Geosales Ltd

Hbb Geosales Ltd, based in Forfar, UK, is a small, family-run business with an active status, having been incorporated fourteen years ago in 2010. Employing twelve people, the company operates from a real address and is overseen by three directors and three owners. It's an irregular importer and exporter, primarily dealing in straw or plaiting material products, with recent activity recorded in April 2024.

The company’s website showcases a specialized service: providing geosynthetic cover, liner, and barrier solutions for environmental protection and erosion control. Hbb Geosales Ltd fabricates, supplies, and installs these products, catering to industries like winter maintenance, bulk storage, invasive weed management, and civil engineering. They offer a range of geosynthetic products, including stockpile covers, pond liners, and coir geotextiles, and even provide a UK-wide hydroseeding service. The website also highlights a division specializing in high-end piano restoration, operating from Cambridge and boasting a showroom in Harrods.

Financially, Hbb Geosales Ltd shows some concerning trends. Accumulated depreciation increased by 44%, while the number of employees decreased by 25%. Cash reserves, however, grew significantly by 64% to £220,000. Bank borrowings also increased, with overdrafts rising by 8.4%. Creditors decreased by 6.2%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant increase in finance lease liabilities, however, warrants further scrutiny. No auditor is mentioned, which is common for small companies. The decrease in deferred tax liability may reflect changes in tax planning strategies. Overall, while the company holds a healthy cash position, the decline in assets and increase in borrowings suggests it's burning through money faster than it's generating it.

Registered in Scotland under the registration number SC386324, with a registered address at DD8 2RT, Scotland, Forfar, 5b Lownie Road, Kingsmuir.

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