Hifi Industrial Film Limited

Hifi Industrial Film Ltd from Stevenage UK: a small, active company established 40 years ago, employs 24 people, and holds £2,617,199 in assets. With a real address and three directors and owners, it maintains a respectable Google rating of 4.0 based on four reviews. The company regularly imports and exports plastics and plastic products, with 6 months of import activity and 24 months of export activity recorded.

The company’s website, while not providing extensive details, suggests a focus on manufacturing plastics in primary forms. This indicates a B2B operation rather than a direct-to-consumer retail model. It’s likely that Hifi Industrial Film Ltd supplies raw plastic materials or semi-finished products to other businesses.

Financially, Hifi Industrial Film Ltd presents a mixed picture. While cash reserves increased by a substantial 160% to £940,000, net assets decreased by 8.4% to £2,400,000. Trade debtors dropped significantly by 69%, indicating improved collection of payments from customers. However, creditors also rose by 17%, suggesting increased reliance on credit from suppliers. Bank borrowings decreased by 85%, which is a positive sign. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the decline in equity warrants further investigation. The company’s unaudited financial statements, with no auditor mentioned, rely on director-reported data.

The decrease in average employees by 8.3% to 22 may reflect efforts to streamline operations or a temporary fluctuation in staffing levels. The substantial increase in future minimum lease payments by 390% to £2,700,000 over the next five years suggests a significant investment in facilities or equipment, which could drive future growth but also increases financial risk.

Registered in England/Wales under the registration number 01869458, with a registered address at SG1 4SX, United Kingdom, Stevenage, Hertfordshire, Hifi Polyester Film Wedgwood Way, Pin Green.

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