Hi-tek Products Limited

Hi-Tek Products Limited, based in Poole, Dorset, UK, is a small, holding company with an active status. Established 59 years ago in 1965, the company employs just one person and holds £105,213 in assets. It's managed by three directors and owned by Dorsetware Ltd. The business regularly imports plastics and plastic products, with 13 months of import activity recorded, the last in January 2024.

The company’s website showcases a specialist supplier of masking products for the metal finishing and painting industry. They offer a range of products, including gold lacquer and tapered plugs, and are the sole UK distributor for the Tolber Range of masking lacquers. The site emphasizes same-day dispatch, environmentally friendly packaging, and personalized customer service. They even have a contact person, Jane McMullen, for direct inquiries.

Financially, Hi-Tek Products Limited presents a mixed picture. Current assets have fallen by 12% to £110,000, and net assets are down 1%, settling at £92,000. Cash bank on hand has experienced a significant drop of 63%, falling to £7,700. However, creditors have decreased by 55%, suggesting improved debt management. Trade debtors have also seen a slight decrease of 4.3%. 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 drop in cash reserves warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited. It’s not clear why the company’s cash reserves have fallen so much, but perhaps it’s a result of increased inventory levels, which have risen by 13%.

Registered in England/Wales under the registration number 00860475, with a registered address at BH15 4JP, Poole,Dorset, Unit 2a Dawkins Road Industrial, Estate,Blandford Road.

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