Hgc Technologies Uk Ltd

Hgc Technologies Uk Ltd is a small, active company based in London, UK, founded five years ago in 2020. Employing just two people, the company holds £351,940 in assets and operates from a real address in Great Portland Street. It’s a solo-founded operation led by a single director and owner, Ismail Muhammad. The business regularly exports electrical machinery and equipment, with ten months of export activity recorded, the latest in November 2024.

The company’s website, while not fully detailed, indicates involvement in the wholesale of computers, computer peripheral equipment, and software, as well as retail sales via mail order and internet industries. This suggests a dual approach, combining B2B wholesale with direct-to-consumer online sales.

Financially, Hgc Technologies Uk Ltd presents a mixed picture. Current assets have increased significantly, jumping 440% to £350,000, while merchandise has risen to £230,000. However, equity has decreased by 24% to -£96,000, and cash reserves have fallen 70% to £9,100. Bank borrowings have also increased, reaching £6,900. Creditors have surged by 130%, and trade debtors have fallen dramatically. 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 flexibility, but the decline in equity and cash reserves warrants attention. With no auditor mentioned, the figures are unaudited.

The company's export activity, while consistent, may be contributing to cash flow challenges. Whether the current financial trends are typical for a growing business or indicate a need for adjustments remains to be seen, but Hgc Technologies Uk Ltd appears to be navigating the complexities of international trade and online retail with a lean team and a solo founder at the helm.

Registered in England/Wales under the registration number 12489201, with a registered address at W1W 7LT, England, London, Portland Street, First Floor, London, Great Portland Street.

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