Hgl Dynamics Limited

Hgl Dynamics Ltd from Godalming UK: a small, active company founded 25 years ago, employs 35 people, and holds £1,710,966 in assets. It’s a family business, started by a solo founder, and currently managed by two directors and two owners. The company regularly imports and exports optical and medical tools and devices, with 53 months of import activity and 69 months of export activity recorded.

The company operates in the manufacture of electronic measuring equipment and provides IT consultancy services. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s registered address is real, with only one other company registered at the same location.

Looking at the financials, there’s a mixed picture. Cash reserves have increased by a healthy 53%, reaching £560,000, which is good news. However, bank borrowings have surged by a significant 810%, now at £450,000. Creditors have also risen considerably, increasing by 230% to £540,000. Trade debtors remain stable, though, at £760,000. Depreciation on plant and machinery has decreased by 28%, which could indicate less investment in equipment. The company’s net assets have increased by 48%, reaching £1.3 million, suggesting a strengthening financial position overall.

The company’s financial statements are unaudited, which is common for small companies. No auditor is mentioned. The sharp increase in bank borrowings, however, warrants further investigation. It's possible the company is investing in growth, but it could also indicate financial strain. The company’s focus on importing and exporting specialized medical and optical tools suggests a niche market strategy, and the continued activity in both areas points to a stable, albeit potentially challenging, business model.

Registered in England/Wales under the registration number 03844513, with a registered address at GU7 3JT, Godalming, Surrey, Little Barsden, Field Lane.

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