Hispeed Ltd

Hispeed Ltd is a small, active company based in Bicester, UK, founded three years ago in 2021. With four employees and £1,638,913 in assets, it operates from a real address within Bicester Heritage. The company is led by five directors and owned by three individuals. It’s a regular importer of electrical machinery and equipment, with 14 months of import activity recorded, the latest in December 2024, but an irregular exporter, with only two months of export activity as of January 2023.

The company’s website, HiSpeed Ltd eDrive Technology, focuses on engineering efficient electric drive units. It offers design, development, and testing services for electric powertrains, catering to clients seeking tailored solutions. The website highlights a commitment to cutting-edge technology, scalability, and sustainability, with a focus on design validation and testing services at its Bicester Heritage facility. The company also actively recruits for engineering roles.

Financially, Hispeed Ltd’s performance presents a mixed picture. Current assets have decreased significantly by 38%, dropping to £1,000,000, while net assets have plummeted by a staggering 140%, resulting in a negative balance of -£140,000. Bank cash has also fallen by 32%, to £650,000. Trade debtors have seen a sharp decline, dropping 46%, while creditors have risen 9.2%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity decline raises concerns. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Hispeed Ltd seems to be facing financial headwinds, despite its focus on a growing market. The company’s ability to navigate these challenges and leverage its technological expertise will be key to its future success.

Registered in England/Wales under the registration number 13382825, with a registered address at OX27 8FZ, Bicester, Oxfordshire, Unit 139 The Command Works Bicester Heritage, Old Skimmingdish Lane.

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