Herz Hiz Limited

Herz Hiz Limited, based in Salford, UK, is a small, active company founded six years ago in 2018. Employing just one person and holding £30,916 in assets, it's a solo founder operation led by a single director and owner, Yang Chu. The company operates in the retail sale via mail order houses or via internet industries, regularly importing miscellaneous manufactured goods—six months of import activity recorded, the last in November 2024. It has a real registered address in Salford, Apartment 313 265 Chapel Street.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its online presence or e-commerce activities. It’s unclear whether the company has a dedicated website or relies solely on third-party platforms for sales.

Financially, Herz Hiz Limited presents a mixed picture. Net assets have plummeted to -£38,000, a significant decline from -£6,400 the previous year. Cash reserves have also decreased by 43% to £1,300, and bank borrowings have fallen by 28% to £16,000. Creditors, however, have increased substantially—by 240% within a year to £54,000. Despite this, trade debtors have decreased by 83%, suggesting improved collection of 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 flexibility, but the sharp decline in equity raises concerns. The accounts are unaudited, as is common for small companies.

In summary, Herz Hiz Limited is facing financial challenges. While it continues to import goods and operate within its niche, the company's equity has taken a hit, and it is burning through money. It’s unclear if this is a temporary setback or a longer-term trend, but the company will need to address these issues to ensure its sustainability.

Registered in England/Wales under the registration number 11374226, with a registered address at M3 5LA, England, Salford, Apartment 313 265 Chapel Street.

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