Hi-chrome (services) Limited

Hi-Chrome (Services) Limited, based in Leicester, UK, is a small holding company with an active status. Founded twelve years ago in December 2012, the company employs six people and holds £280,731 in assets. It operates from a virtual address, registered at an address shared by twelve other companies, and is managed by two directors and one owner. The company is an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling one month of imports, the last operation conducted in May 2022. The company's website doesn't provide much detail, but it’s described as operating in the installation of industrial machinery and equipment industries.

The company’s financial picture is complex. While current assets have doubled to £280,000, net assets have dramatically increased to £93,000—a significant turnaround from a negative £18,000 the previous year. Bank borrowings have decreased significantly, and cash reserves have surged to £55,000. However, trade debtors have also increased substantially, suggesting potential issues with customer payments. Creditors have decreased, which is a positive sign, and the company’s small size (meeting two of three criteria for a small company) allows for agility. The company has been paying less attention to the deferred income, which has decreased by 91%. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

The company’s financial data suggests a turnaround, with increased assets and improved cash flow. The sharp increase in trade debtors, however, warrants further investigation. It’s possible the company has expanded its credit terms to attract new customers, or there could be delays in collecting payments. The company’s ability to maintain this positive trend will depend on its ability to manage its debtors effectively and continue to grow its business.

Registered in England/Wales under the registration number 08333656, with a registered address at LE19 1WP, England, Leicester, Charnwood House Harcourt Way, Meridian Business Park.

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