Highspot Uk Ltd

Highspot Uk Ltd from London UK: a small, active company founded six years ago in 2018, employs eighty-one people, and holds £3,113,192 in assets. The company operates from a virtual address – a bit odd, as 136 companies are registered at the same location – and is managed by four directors, though there are no listed owners. It’s an irregular importer of various textile products, sets, used clothing, and rags, with just one month of import activity recorded, and an irregular exporter of electrical machinery and equipment, with two months of export activity. The company’s activities are focused in the data processing, hosting and related activities industries.

The company is small, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s a bit strange that there are no listed owners, though. The company’s registered address is E14 5HU, United Kingdom, London, C/O Corporation Service Company (Uk) Limited 5 Churchill Place, 10th Floor.

Looking at the financial data, there's a mixed picture. Cash bank on hand has increased significantly by 200%, reaching £2,700,000. However, net assets liabilities have also increased by 24% to £1,600,000. Creditors have risen by 23%, reaching £1,600,000, and debtors have fallen dramatically by 61%, suggesting potential issues with collecting payments. Interestingly, the company’s bank borrowings surged by 2,400%, reaching £29,000. The company’s net losses deepened from -£10,000 to -£23,000.

The company’s financial statements are unaudited, and the lack of an auditor mentioned is likely due to its small size. The sharp increase in bank borrowings, combined with the decrease in debtors, suggests that the company may be burning through cash. However, the significant increase in cash reserves could indicate a recent injection of funds, or a period of reduced spending. It’s possible that the company is undergoing a period of rapid growth, which is typical for startups, but it’s also possible that it’s facing financial challenges.

Registered in England/Wales under the registration number 11613632, with a registered address at E14 5HU, United Kingdom, London, C/O Csc Cls (Uk) Limited 5 Churchill Place, 10th Floor.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.