Hi-way Units Limited

Hi Way Units Ltd from Oldham UK: a small, active company established 44 years ago, employs 13 people, and holds £654,257 in assets. It’s a real address with three directors and one owner, boasting a stellar 5.0 Google rating from 24 reviews. The company regularly imports electrical machinery and equipment, with a history of imports spanning seven months.

The business operates in the wholesale trade of motor vehicle parts and accessories, as evidenced by its registration details. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company is a regular importer, with its top import category being Electrical machinery and equipment, totaling 7 months of imports. The last import operation was conducted on January 01, 2024.

While the company’s website isn’s available, its registration details indicate a focus on distributing commercial vehicle parts. The business has been around for a long time, and it’s a tight-knit operation.

Financially, Hi Way Units Ltd shows some mixed signals. Current assets have decreased by 9.5% to £650,000, while net assets remained steady at £550,000. Bank borrowings increased by 33% to £29,000, and cash reserves fell 15% to £240,000. Creditors decreased by 33%, suggesting better debt management. The company’s small size helps it stay agile, but the decrease in assets raises questions. With no auditor mentioned, the figures rely on unaudited statements.

In short, Hi Way Units Ltd is holding steady, but facing pressures. The company’s long history and positive Google rating suggest a loyal customer base, but the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 01538609, with a registered address at OL9 9EF, Oldham, 50 Lansdowne Road, Chadderton.

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