Henagon Ltd

Henagon Ltd, based in Bristol, UK, is a small, active company established 18 years ago. With 15 employees and £325,502 in assets, it’s a modest operation led by two directors and one owner, William Ben. The company operates in the other retail sale not in stores, stalls or markets industries and regularly imports ceramic products—five months of import activity were recorded, with the most recent in November 2024.

The company’s website, Henagon Home, reveals a more complex picture. It’s not just a retail business; it’s an investor in IT service companies, acquiring and enhancing them. The site highlights a strategy of "ComplianceDriven IT," targeting businesses with stable cash flows and resilience against technological shifts. It owns and operates several IT firms, including Core IT, EZZI.net, Matrix Nodes, and Root Technologies—each specializing in different aspects of IT infrastructure and digital services. The website’s focus on strategic acquisition and enhancement suggests a shift from simple retail to a more sophisticated investment model.

Financially, Henagon Ltd presents a mixed bag. Current assets increased by 35% to £330,000, while net assets grew by a modest 3.5% to £180,000. However, bank borrowings surged by 6.5%, reaching £5,100, and cash reserves fell by 37% to £220,000. Trade debtors increased significantly, by 240%, reaching £32,000, which could indicate an expansion of credit terms or delayed customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt warrants attention. With no auditor mentioned, the unaudited figures rely on director-reported data.

In short, Henagon Ltd seems to be transitioning from a straightforward retail business to a more complex investment strategy. While its financial health appears stable, the increase in debt and the shift in business model suggest a need for careful management and monitoring.

Registered in England/Wales under the registration number 06082962, with a registered address at BS5 8GU, England, Bristol, Unit 1 Satellite Business Park, Blackswarth Road.

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