Hg Innovations Ltd

Hg Innovations Ltd is a small, active company based in Blackburn, UK, founded five years ago in 2019. Employing just one person and holding £655,673 in assets, it’s a solo founder operation with a real registered address and a single director. The company’s primary activity involves importing optical and medical tools and devices, though this has been irregular, with just two months of import activity recorded as of February 2023.

The company’s website, hidden gems, focuses on professional organizing services throughout Northern California. It offers a range of services, from decluttering and home organization to assisting realtors with property staging and helping families navigate transitions. The site emphasizes a mission of transforming lives through organized spaces and stress-free transitions, with a focus on personalized service and a commitment to professionalism. They also have a strong social media presence, actively promoting their services on platforms like TikTok, Facebook, and Instagram.

Financially, Hg Innovations Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased, suggesting ongoing investment in its operations. However, cash bank on hand has decreased significantly, and net assets have plummeted, indicating a substantial loss of equity. While trade creditors have increased, suggesting a need for more credit, raw materials have also increased, potentially tying up cash. Despite these challenges, 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. No auditor is mentioned, likely due to its small size, meaning the figures are unaudited.

Overall, Hg Innovations Ltd seems to be facing some financial headwinds, although it’s likely a consequence of growth and investment rather than a fundamental problem. The company’s focus on a niche service and its strong online presence suggest potential for future success, but careful management of cash flow will be essential.

Registered in England/Wales under the registration number 12059330, with a registered address at BB1 8AB, England, Blackburn, 17 Limbrick.

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