Hexr Ltd

Hexr Ltd, a small holding company based in London, UK, has been active since its founding seven years ago in 2017. With fourteen employees and £4,534,622 in assets, it's a relatively modest operation managed by five directors and two owners. The company has a real address and boasts a solid 4.0 Google rating based on eight reviews. Hexr is an irregular importer, specializing in machinery, boilers, and mechanical appliances, with recent import activity recorded just two months ago.

The company’s website reveals a unique business model: custom-fit cycling helmets. Hexr positions itself as the "world's first custom-fit cycling helmet," offering a smartphone-guided fitting process and 3D-printed helmets. Customers purchase a helmet, use the app to capture head measurements, and receive a personalized helmet printed and shipped within five weeks. The website emphasizes bespoke design, breakthrough safety, sustainable materials, and elite aerodynamics—all hallmarks of a premium product. It even offers interchangeable outer shells and personalized engravings.

Financially, Hexr Ltd’s recent performance shows some concerning trends. While fixed assets increased by 18%, current assets have declined by a significant 29%, dropping to £4,500,000. Bank cash reserves have also fallen by 39%, leaving just £3,600,000. Debtor levels have increased by a substantial 81%, suggesting potential issues with customer payments. On a brighter note, creditors decreased slightly by 16%, and intangible assets have grown by 22%. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is typical for small, exempt companies.

The company's growth in intangible assets, particularly in development costs, suggests ongoing investment in its core technology. However, the decline in cash reserves and the rise in debtors indicate a need for careful financial management. The company is clearly betting on its innovative product and strong branding to offset these challenges, and the high Google rating suggests a positive customer experience.

Registered in England/Wales under the registration number 10999327, with a registered address at E3 3YD, England, London, Lock Studios, 7 Corsican Square.

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