Hgb Manufacturing Ltd

Hgb Manufacturing Ltd from Royston UK is a small, holding company with an active status. Founded four years ago in June 2020, the company employs just three people and holds £580 in assets. It's managed by three directors and has one owner, with a real registered address. The company operates in the manufacture of office and shop furniture, the manufacture of other furniture, and retail sale via mail order houses or via internet industries.

The company's website is not available, so it’s difficult to determine the extent of its e-commerce operations. However, the description suggests a focus on B2B sales rather than direct-to-consumer retail. It’s likely that Hgb Manufacturing Ltd acts as a supplier to larger retailers or businesses, rather than selling directly to the public.

Financially, Hgb Manufacturing Ltd appears to be struggling. While it's a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the numbers tell a concerning story. Current assets have plummeted by a staggering 97%, dropping from £21,000 to just £580. Debtor levels have also decreased dramatically, falling from £14,000 to a mere £100. Equity has suffered a significant blow, decreasing from -£100,000 to -£130,000. Cash bank on hand has also fallen, down 85% to just £480. Although creditors have also decreased, the overall trend points towards a company burning through cash. Bank borrowings have increased by 9.4%, which may be an attempt to cover the shortfall. The company’s net assets have also declined, from -£100,000 to -£130,000.

The lack of an auditor mentioned (likely exempt as a small company) means the financial data relies on unaudited director’s reports. While the company’s small size allows for agility, the sharp decline in assets and cash reserves raises serious concerns about its long-term viability. It’s possible the company is facing increased competition, rising costs, or delayed payments from customers, but without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 12708102, with a registered address at SG8 5UH, England, Royston, Unit 12 South Close.

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