Hive Composites Limited

Hive Composites Limited, based in Coalville, UK, is a small holding company with an active status, established six years ago in 2019. The company employs twelve people and holds £643,978 in assets, operating from a virtual address—thirty-three companies share the same location, which raises questions about its legitimacy. With six directors and one owner, Hive Composites regularly imports optical and medical tools and devices (four months of import activity) but exports railway and tramway vehicles and parts irregularly (just one month of export activity).

The company’s website highlights its comprehensive suite of services covering the entire composite engineering development cycle, from research to product launch. Specializing in filament winding and continuous pipe manufacturing for Hydrogen transportation, Hive offers design, prototyping, testing, certification, and commercialisation support. Their website emphasizes tailored testing services and compliance with industry standards. They even offer commercialisation support, helping clients navigate regulatory requirements and establish supply chains.

Hive’s financial performance presents a mixed picture. While current assets increased slightly to £640,000, net assets plummeted 31% to £310,000—a significant drop. Bank borrowings decreased by 16%, and cash reserves fell 73% to £70,000, indicating a reliance on external financing. Trade creditors increased by 210%, suggesting a need to manage supplier payments. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the equity decline warrants closer examination. The company’s directors remuneration increased by 31% to £390,000. There’s no mention of an auditor, likely due to its status as a small company, meaning the financial statements are unaudited.

The surge in trade debtors—increasing by 35%—could indicate delayed customer payments or a shift in credit terms. The decrease in other debtors—dropping by 94%—is a notable change. It's possible the company is experiencing growing pains as it expands its services, or perhaps the drop in cash reserves is a result of increased investment in equipment.

Registered in England/Wales under the registration number 11897184, with a registered address at LE67 3HB, England, Coalville, Leicestershire, Unit 10 Phoenix Park, Stephenson Industrial Estate, Telford Way.

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