Highlight Crafts Limited

Highlight Crafts Ltd is a small, active company based in Chesterfield, UK, founded four years ago in 2021. With £948,280 in assets and a real registered address, it employs 28 people and is run by four directors and two owners – a family business. The company regularly imports machinery, boilers, and mechanical appliances, with 55 months of import activity recorded.

The company operates in the “other business support service activities n.e.c.” industries. Its website is not available, so it’s difficult to determine the specifics of its operations beyond the import activity.

Financially, Highlight Crafts Ltd shows a mixed picture. Current assets decreased by 6.7% to £950,000, while net assets liabilities increased significantly by 86% to -£240,000. Bank borrowings increased by 31% to £270,000, and cash reserves plummeted 81% to £63,000. Trade creditors increased by 1.7% to £280,000, and trade debtors rose a significant 81% to £270,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial data suggests it is facing some financial pressure, with increasing liabilities and decreasing cash reserves. However, the increase in trade debtors could indicate growing sales, although it also suggests potential issues with collecting payments. The company’s family ownership and regular import activity, combined with its position in a niche business support sector, suggest it is trying to maintain a stable operation despite these challenges.

Registered in England/Wales under the registration number 13119614, with a registered address at S45 9JA, England, Chesterfield, Derbyshire, Unit 1c Wingfield Court, Clay Cross.

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