Hi-spec Corporation Limited

Hi Spec Corporation Ltd is a small, active company based in Fareham, UK, founded 29 years ago in 1995. With £1,411,386 in assets and a real registered address, it employs eight people and is run by two directors and a solo founder. The company has a 2.0 Google rating based on just one review. It's a regular importer of electrical machinery and equipment, with 174 months of import activity recorded, the last in February 2025.

The company’s website, hispecltd.co.uk, positions itself as a UK supplier of high-quality printed circuit boards (PCBs). It caters to various sectors, from automotive to aerospace, offering a full range of PCB technologies, including multilayer, metal core, and flex-rigid boards. The company emphasizes UK stock management, experienced engineering support, and logistics expertise, offering solutions from prototype to full-scale production. It’s even been around for over 25 years, and now operates from its third premises in Whiteley, Hampshire.

Financially, Hi Spec Corporation Ltd shows a mixed bag. Cash reserves increased dramatically, soaring 3,300% to £350,000, which is a positive sign. However, trade debtors fell by 24% to £540,000, suggesting potential issues with customer payments. Accumulated depreciation on plant and machinery remained steady, at £150,000, and bank borrowings were eliminated entirely. Creditors decreased by 9.6% to £240,000, indicating better 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) helps it remain agile, but the decline in net assets, down 40% to £600,000, is something to watch. There's no auditor mentioned, so the financial statements are unaudited.

Overall, Hi Spec Corporation Ltd seems to be navigating a period of change, with a strong cash position offset by some concerning trends in receivables and equity. The company's focus on high-quality PCBs and personalized service should help it maintain its position in the market, but keeping a close eye on financial health is important.

Registered in England/Wales under the registration number 03102216, with a registered address at PO15 7FT, England, Fareham, Hampshire, Unit 4 Fulcrum 4 Solent Way, Whiteley.

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