Hi Form Equine Ltd

Hi Form Equine Ltd from Templecombe UK: a small company with an active status, was founded seven years ago. It employs two people and holds £230,031 in assets, operates from a real address, and is managed by two directors and owners, with an e-commerce site. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company specializes in distributing horse supplements, operating from Fenn Farm, Fenn Street, St Mary Hoo, Kent. It’s a family-run business, and the website, Hi Form Equine, showcases a range of equine products. The business is a sole-founded operation, and the business is clearly aiming to carve out a niche in the crowded equine market.

Financially, Hi Form Equine Ltd presents a mixed picture. Current assets have increased by 9.6% to £230,000, while net assets increased by 7.7% to £65,000. Cash reserves have increased by 100% to £1,500. Trade debtors have increased by 140% to £18,000, and creditors have increased by 34% to £180,000. Bank borrowings have increased by 65% to £96,000. The increase in trade debtors could be a sign of delayed payments, while the rise in bank borrowings suggests the company is relying on external financing. The company’s small size helps it stay agile, but the increased debt levels warrant closer monitoring. With no auditor mentioned, the figures are unaudited.

Overall, Hi Form Equine Ltd seems to be holding its own, but the rising debt levels are something to keep an eye on.

Registered in England/Wales under the registration number 10981223, with a registered address at BA8 0DD, England, Templecombe, Wayside, Horsington.

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