Hi-load Limited

Hi-Load Electrical Ltd, based in Fareham, UK, is a small, active company founded over a decade ago. With three employees and £106,583 in assets, it operates from a virtual address shared by 75 other companies, a detail that warrants some scrutiny. The business is family-run, with two directors and owners, Kendle Ivan Mark and Kendle Sharon Louise, at the helm. It’s a NICEIC Approved Contractor, Trustmark approved, and OZEV registered, demonstrating a commitment to quality and compliance.

The company’s primary focus is electrical services for both domestic and commercial clients, as highlighted on its website. It offers a range of services, from new builds and renovations to maintenance and repairs, and specializes in EV charger installations—a growing area of demand. Testimonials from satisfied customers praise the company’s workmanship and professionalism, suggesting a strong reputation within the local community. The website is well-maintained and clearly communicates the company’s expertise, indicating a focus on customer engagement.

However, the financial data paints a more complex picture. While turnover isn’t explicitly stated, net assets have plummeted by 77%, dropping to a mere £4,900. Cash reserves have vanished entirely, and bank borrowings have skyrocketed by 140%, reaching £24,000. Trade creditors have also increased significantly, by 900%, reaching £23,000. Despite these challenges, trade debtors have remained steady. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the dramatic decline in equity raises concerns. There is no auditor mentioned, which is likely due to the company being exempt as a small entity.

In conclusion, Hi-Load Electrical Ltd appears to be facing financial headwinds, despite a positive customer reputation and a growing market for EV charger installations. Whether the company can weather this storm and capitalize on its expertise remains to be seen.

Registered in England/Wales under the registration number 08070404, with a registered address at PE30 1HJ, England, King's Lynn, 22-26 King Street.

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