Hinesite Distribution Limited

Hinesite Distribution Limited, based in Chatham, UK, is a small, active company established fifteen years ago in 2009. With a single employee and £56,914 in assets, it operates as a family business under the direction of one director and ownership of Hines David and Hines Judith. The company’s real address is shared by just two other businesses, indicating a genuine location. Hinesite Distribution Limited regularly imports musical instruments and parts, with four months of import activity recorded, the last operation being in February 2020. It operates within the "other business support service activities n.e.c." industries.

The company’s website is currently unavailable, so it’s difficult to determine if it operates an e-commerce site or provides services directly. Given the import activity, it’s likely that Hinesite Distribution Limited acts as a distributor, sourcing instruments and parts and supplying them to retailers or other businesses.

Financially, Hinesite Distribution Limited presents a mixed picture. While current assets increased by 9.2% to £57,000, net assets decreased by 14% to -£110,000. Bank borrowings have not been reported. Creditors increased by 12% to £170,000, suggesting increased reliance on short-term financing. Trade debtors, however, are minimal, at just £380, indicating good payment collection. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor, typical for small companies, means the figures are unaudited.

Despite the negative equity, the increase in current assets suggests some level of operational activity. The company’s focus on importing musical instruments, combined with its small size, indicates a niche market strategy. It’s possible that the company is experiencing typical startup challenges, or that it’s facing increased competition or changing market conditions. The directors will need to carefully manage their finances and explore opportunities to increase revenue and reduce costs.

Registered in England/Wales under the registration number 06943464, with a registered address at ME4 4TZ, England, Chatham, Kent, Suite 2 Second Floor North The Fitted Rigging House, Anchor Wharf The Historic Dockyard.

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