Hgc Distribution Ltd

Hgc Distribution Ltd, based in Holmfirth, UK, is a small, active company founded seven years ago. Despite its active status, the business is facing some financial headwinds, with overdue accounts and confirmation statements stretching back five months. The company holds just £1 in assets and operates with a single director and no officially registered owners. It's an irregular importer, primarily dealing in toys, games, and sports equipment, with recent import activity recorded two months ago.

The company’s website, HGC Distribution, focuses on supplying hobbies, games, and collectibles, positioning itself as a wholesaler offering low prices and same-day shipping. It caters to retailers, offering a range of sleeves, card holders, and other accessories, and even provides guidance to help customers choose the right products for their business. The site highlights its UK-based operation and promises fast shipping and competitive pricing. It also has a physical address in Wolverhampton.

Financially, Hgc Distribution Ltd’s situation is concerning. Current assets have plummeted by a staggering 97%, dropping from £1,500 to a mere £1. Bank cash reserves have suffered a similar fate, decreasing by 99% to £1. While administrative expenses remained stable at £2,600, and gross profit stayed at £6,700, the dramatic decline in assets and cash suggests the company is burning through money. Trade debtors are at zero, and property, plant, and equipment have also seen a significant drop. Equity has also taken a hit, decreasing by 98% to £51. The company’s small size (meeting two of three conditions for being classified as small) helps it remain agile, but the sharp decline in net assets and cash reserves is a cause for concern. With no auditor mentioned, the figures rely on unaudited director-reported data.

In short, Hgc Distribution Ltd is facing a challenging financial period, despite its active trading status and focus on serving the hobby and collectibles market. Whether it can recover and stabilize its financial position remains to be seen.

Registered in England/Wales under the registration number 11226860, with a registered address at HD9 1AE, England, Holmfirth, 66 Station Road.

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