Hixxysoft Ltd

Hixxysoft Ltd, based in Frome, UK, is a small, active company founded eight years ago in 2017. With five employees and £121,849 in assets, it's a solo-founder operation managed by a single director and owner. The business has a real address and a solid 4.0 Google rating from 39 reviews, indicating positive customer experiences. Hixxysoft Ltd regularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded three months ago.

The company operates in the retail sale via mail order houses or via internet industries, suggesting an e-commerce focus. However, no website was provided, so it’s impossible to assess the specifics of their online presence or product offerings.

Financially, Hixxysoft Ltd presents a mixed picture. Net assets have fallen significantly, dropping 65% to just £12,000. Cash reserves have also declined by nearly half, falling 47% to £34,000. Bank borrowings have decreased slightly, but trade debtors have plummeted 63%, which could indicate issues with customer payments or a shift in credit policies. Creditors have also decreased, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the sharp decline in equity warrants attention. No auditor is mentioned, which is typical for small, exempt companies.

The decrease in the number of employees reported (from five to three) is a notable trend, which could be due to restructuring or changing business needs. Overall, Hixxysoft Ltd appears to be navigating a period of financial adjustment, and it’s important to monitor its performance closely to see if it can return to a more sustainable growth trajectory.

Registered in England/Wales under the registration number 10561893, with a registered address at BA11 2FB, United Kingdom, Frome, Somerset, Unit L4, Commerce Park Marshall Way, Commerce Park.

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