Hg Uki Ltd

HG Uki Ltd, based in Bishop's Stortford, UK, is a large company with an active status, having been established 25 years ago. Employing 18 people, it holds £14,539,949 in assets and generates £22,156,281 in yearly revenue. While it has a registered address, fourteen companies share this address, which suggests it may be a virtual address. The company is managed by three directors, but notably, there are no registered owners. It has a Google rating of 3.0 based on just two reviews. HG Uki Ltd regularly imports and exports soaps, cleaning products, and waxes, with import activity spanning four months and export activity spanning three months.

HG Uki Ltd operates as a supplier of cleaning and maintenance materials, with a strong emphasis on quality products and a wide range. Its website highlights a specialist approach, particularly in the restoration of pianos—a division operating independently from the main business. The company's website also boasts a range of products for various household and industrial needs.

Financially, HG Uki Ltd shows some concerning trends. While revenue increased by 35%, net assets plummeted 94%, dropping to just £61,000. Bank borrowings increased significantly, reaching £420,000, and cash reserves decreased by 510%, settling at £3.3 million. Trade debtors increased by 50%, while creditors decreased by 38%. These figures suggest the company is experiencing cash flow pressures despite increased sales. The lack of an auditor mentioned indicates that the company is exempt from an audit, meaning the financial information is unaudited.

The company’s reliance on a virtual address and the significant changes in financial metrics—particularly the sharp decline in equity—raise questions about its long-term stability. However, its established brand and wide range of products suggest it has a loyal customer base and potential for continued success.

Registered in England/Wales under the registration number 03844599, with a registered address at CM22 6PU, England, Bishop's Stortford, Weston Business Centre Parsonage Road, Takeley.

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