Hingston & Co. Ltd

Hingston & Co. Ltd from London, UK, is a small, active company founded eight years ago. With nine employees and £358,495 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports drinks, alcohol, and vinegar, with five months of import activity recorded.

The company’s website, nickhingstonsantiques.co.uk, showcases a business specializing in antique furniture. It offers a wide range of items, including bookcases, cabinets, chests, desks, dining tables, mirrors, and oak furniture. The site operates as an online retailer, selling individual products and offering a curated selection of antiques. It's clear they are not an e-commerce site with a shopping cart, but rather a catalogue of items for sale. They also mention a showroom, suggesting a traditional retail presence alongside their online presence.

Financially, Hingston & Co. Ltd presents a mixed picture. Accumulated depreciation has increased by 10%, while the number of employees has risen significantly by 56%. However, cash bank holdings have plummeted by a staggering 96%, and creditors have doubled, reaching £410,000. Current assets have also decreased by 29%, and net assets have taken a severe hit, dropping by 220% to -£150,000. 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 is typical for a small company, meaning the financial statements are unaudited.

It seems the company has been experiencing some financial strain, with a significant drop in cash reserves and a rise in liabilities. However, the increase in employees suggests growth, and the focus on high-value antiques could indicate a strategy to maintain profitability. The company’s long history (est. 1976) and established reputation could provide a buffer against these challenges, but the financial figures warrant close monitoring.

Registered in England/Wales under the registration number 10557400, with a registered address at N17 0RE, England, London, Unit 2 & 4 Little Line House, 41-43 West Road.

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