Hi-tech Machinery Limited

Hi-Tech Machinery Limited, based in Farnborough, UK, is a small, active company established 38 years ago. With seven employees and £641,252 in assets, it operates from a real address and is overseen by two directors and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with a consistent history of activity over the past few years.

The company’s website reveals a focus on plastic molding machinery and equipment, serving industries across the Middle East and Pakistan. It offers a wide range of products, from injection molding machines to auxiliary machinery and extrusion blow molding systems. The business also provides services like mold testing and customized equipment solutions. It’s clear they’re positioning themselves as a one-stop shop for plastics manufacturers.

Financially, Hi-Tech Machinery Limited’s numbers paint a mixed picture. Current assets have decreased by 22% to £640,000, while cash reserves have fallen by a significant 33% to £430,000. Trade debtors have increased by 24%, which could indicate growing sales but also potential collection challenges. On the positive side, creditors have dropped by 80%, suggesting improved management of short-term liabilities. The company’s size (meeting two of three criteria for being small) allows for flexibility, but the decline in cash reserves warrants attention. The company is exempt from an audit, so the financial information is unaudited.

It’s likely that the recent decrease in cash reserves is linked to increased investment in inventory, given the rise in trade debtors. The company’s long-standing presence in the market and focus on specialized machinery suggest a stable business model, but keeping a close eye on cash flow will be key for future success.

Registered in England/Wales under the registration number 02056384, with a registered address at GU14 0LX, England, Farnborough, A2 G80 Cody Technology Park,.

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