Hi Group Ltd

Hi Group Ltd, based in Manchester, UK, is a small, active company founded nine years ago. It holds £1,442,088 in assets and operates from a virtual address, managed by one director and owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded two months ago. It’s a bit concerning that confirmation is overdue by a month.

The company’s website highlights a shift in focus. While officially operating in retail sale via mail order houses or via internet, the site prominently features a decarbonisation and sustainability service offering. It seems they’re targeting large estates, providing tailored solutions for net-zero goals, from design and funding to implementation and ongoing management. They even have a "Meet the Team" section, showcasing their expertise.

Financially, Hi Group Ltd presents a mixed picture. Current assets are reported at £1,400,000, but net assets show a negative balance of -£190,000. Bank borrowings are substantial at £1,600,000, and cash reserves are a modest £42,000. Creditors are also significant at £1,600,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity is a concern. There’s no mention of an auditor, which is typical for companies of this size. It’s possible the company is investing heavily in its new sustainability services, which could explain the current financial strain.

Registered in England/Wales under the registration number 10044301, with a registered address at M1 4HT, England, Manchester, 91 Princess Street.

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