Hi-line Services (lichfield) Limited

Hi Line Services (Lichfield) Limited, based in Lichfield, UK, is a small, holding company with an active status. Established 41 years ago in 1984, the company employs 23 people and holds assets totaling £3,856,568. It operates from a real address at Boley Park Industrial Estate and is overseen by three directors and one owner. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with the last import activity occurring in February 2023.

The company's website is non-existent, which makes it difficult to determine the specifics of their operations beyond the provided information. However, it appears they are involved in the manufacture of basic iron and steel and ferro-alloys, and they are a steel fabricator.

Financially, Hi Line Services (Lichfield) Limited presents a mixed picture. Cash bank on hand increased significantly by 55%, reaching £3 million, which is a positive sign. However, accrued liabilities deferred income jumped by 65%, rising to £2.3 million, and net assets liabilities increased by 46% to £660,000. Trade debtors also saw a substantial increase, ballooning by 42% to £880,000, suggesting potential issues with customer payments. On the bright side, creditors decreased by 18%, which could indicate improved debt management. 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 rise in liabilities warrants attention. There is no auditor mentioned, which is common for small companies. The company’s average number of employees has decreased by 17% to 19.

Registered in England/Wales under the registration number 01792593, with a registered address at WS14 9UY, Boley Park Industrial Estate, Lichfield Staffs, Unit 56, Britannia Way.

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