Hiq Build Ltd

Hiq Build Ltd, based in London, UK, is a small, active company established nine years ago. It’s a solo-founder operation with one director and a single employee, holding assets of £113,123. The company operates from a real address and is involved in the development of building projects. It’s an irregular importer, with its top import category being iron or steel products, with just one month of imports recorded as of April 2024.

The company’s website, hiqconstruction.uk, showcases a range of services catering to homeowners in Wolverhampton. From extensions and renovations to new builds and landscaping, Hiq Construction positions itself as an all-in-one solution for construction needs. The site highlights experienced tradesmen, competitive pricing, and discounts for OAP and NHS staff. It also features a separate division specializing in electrical installation services, further expanding its offerings.

Financially, Hiq Build Ltd’s numbers paint a mixed picture. Current assets have increased significantly, jumping 310% to £110,000, while net assets have decreased by 15% to -£91,000. Bank borrowings have also decreased by 15% to £31,000. Trade creditors have risen dramatically, increasing by 140% to £180,000. The company meets the criteria for a small business—with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from an audit.

The increase in creditors suggests the company is relying on credit from suppliers, which could be a sign of growth or potential strain. The decrease in net assets, despite the rise in current assets, indicates a possible loss. While the company appears to be active and expanding its services, the financial data suggests it's facing some challenges. The lack of an auditor mentioned further complicates the picture, as the figures are unaudited.

Registered in England/Wales under the registration number 09867723, with a registered address at EC2A 4NE, England, London, Hiq Build Ltd, 86-90 Paul Street.

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