Hi-craft Ltd

Hi-Craft Ltd, based in Altrincham, UK, is a small, active company founded thirteen years ago. It employs just two people and holds £105,888 in assets, though its registered address is likely virtual, as thirteen companies share the same location. The company is managed by three directors and owned by two individuals. Hi-Craft Ltd operates as an irregular importer, primarily bringing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables – though import activity was last recorded over a year ago. The company’s core business is non-specialised wholesale trade.

The company’s website showcases a passion for wooden flooring, offering a wide range of designs, textures, and colours, from distressed floorboards to sleek contemporary styles. It caters to both residential and commercial clients, even offering an on-site visiting service for consultation. The website also highlights a global reach, supplying flooring worldwide and even featuring a showroom in Harrods.

Financially, Hi-Craft Ltd presents a mixed picture. While current assets increased by 14% to £110,000, net assets rose significantly by 120% to £280. However, cash bank on hand plummeted 87% to just £560, and bank borrowings remained steady at £10,000. A notable increase in total inventories – up 1,100% to £68,000 – suggests a build-up of stock, while trade debtors decreased sharply. 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 cash reserves and the rise in inventories could indicate some financial strain. The accounts are unaudited, a common exemption for small companies, so there is no mention of an auditor. It’s clear that Hi-Craft Ltd is navigating a complex landscape, balancing its passion for wooden flooring with the challenges of managing cash flow and inventory levels.

Registered in England/Wales under the registration number 08018979, with a registered address at WA15 9SQ, Altrincham, Cheshire, 193a Ashley Road, Hale.

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