Hi Transport Ltd

Hi Transport Ltd, based in Wickford, UK, is a small, active company founded nine years ago. With ten employees and £59,598 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded as of May 2021.

The company’s website, officehitrans.co.uk, paints a picture of a transport specialist offering haulage, container movement, and refrigerated transport services throughout England. It emphasizes flexibility and cost-effectiveness, catering to a range of clients with services like general haulage, container transport, and bespoke refrigerated solutions. The site also highlights a focus on customer service, with a track and trace system and a commitment to providing solutions for every need. A section dedicated to "Meet Our Awesome Team" showcases the company’s focus on a personable and energetic approach to logistics.

Financially, Hi Transport Ltd’s recent performance presents a mixed picture. Cash bank on hand has seen a significant jump, increasing by 3,200% to £32,000, which is a good sign. However, creditors have decreased slightly, and debtors have fallen by a considerable 27%, suggesting a potential slowdown in customer payments. Net assets and liabilities have both decreased, indicating a decline in overall equity. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in equity could be a cause for concern. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's significant increase in bank borrowings, alongside a decrease in current assets, suggests it may be relying on credit to maintain operations. The decrease in employees, from ten to five, could be a cost-cutting measure, or a reflection of changing business needs. It's possible that the company is experiencing some turbulence, but the increase in cash reserves offers a glimmer of hope.

Registered in England/Wales under the registration number 09965356, with a registered address at SS12 9PL, United Kingdom, Wickford, Essex, 4 Nicholson Grove.

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