Hearing Therapy Ltd

Hearing Therapy Ltd, based in Sheffield, UK, is a small, active company founded five years ago. It employs three people and holds £78,096 in assets. With a real address and a single director and owner, the company boasts an impressive Google rating of 5.0 from 68 reviews. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with its last import operation occurring one month ago in December 2023.

The company’s website highlights its services as an audiology clinic, offering earwax removal, hearing tests, and selling hearing aids. It operates from multiple locations, including Sheffield and Mirfield, and even offers home visits. The website emphasizes patient-focused care and showcases a range of hearing aid brands, including Phonak and Lyric. It also offers financing options and a 60-day money-back guarantee, suggesting a focus on customer satisfaction.

Financially, Hearing Therapy Ltd shows some concerning trends. Accumulated depreciation on computer equipment increased by 140%, and on furniture fittings by 250%, suggesting investment in infrastructure. However, cash bank on hand increased by 33%, and creditors decreased by 37%, indicating better cash flow management. Trade debtors increased significantly by 290%, which could be a positive sign of growing sales, but also a risk of delayed payments. Retained earnings decreased slightly by 2.2%, and finished goods decreased by 43%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the decrease in equity warrants attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Hearing Therapy Ltd appears to be facing some financial pressures, despite its strong customer reviews and focus on patient care. The company’s ability to manage its debts and maintain its growth trajectory will be key to its long-term success.

Registered in England/Wales under the registration number 12098086, with a registered address at S8 0ND, England, Sheffield, South Yorkshire, 36 Cawthorne Grove.

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