Hearbuy Limited

Hearbuy Ltd from Keyworth UK: a small, active company founded 23 years ago, boasts six employees and holds £250,425 in assets. It's a solo-founded operation with a real address and a single director and owner. The company runs an e-commerce site and regularly imports optical and medical tools and devices, with 32 months of import activity recorded.

Hearbuy operates as a buying group for independent hearing aid audiologists, offering discounts and flexibility to its members. Its website highlights partnerships with companies like Auditdata and Ototech, and even features a “World first” order app for multi-manufacturer hearing aids. The site emphasizes support for independent audiologists and offers a range of services, from business support to marketing assistance. It's a fairly modern website, with a blog and social media presence.

Financially, Hearbuy Ltd shows some concerning trends. Net assets have fallen by a significant 35%, reaching -£360,000, and cash reserves have plummeted 67%, down to £45,000. Bank borrowings have also decreased, which is good, but trade debtors have increased by 42%, suggesting potential issues with customer payments. The company's small size (meeting two of three conditions for being small) helps it remain agile, but the sharp decline in equity is a cause for concern. It’s worth noting that the company has a small number of employees, and the lack of an auditor mentioned suggests it’s exempt from an audit.

Despite these challenges, Hearbuy Ltd appears to be a well-established player in its niche, providing valuable services to independent hearing aid professionals. Whether it can navigate these financial pressures and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 04393384, with a registered address at NG12 5AA, England, Keyworth, Nottingham, 13d Main Street.

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