Hl Technologies Ltd

HL Technologies Ltd, based in London, UK, is a small, active company founded just three years ago in 2021. It’s a solo founder operation, managed by a single director and owner, with just one employee and £6,138 in assets. The company operates from a virtual address, registered with 102 other companies, which is a bit unusual. It’s an irregular exporter, primarily dealing in footwear and related items, with just one month of export activity recorded back in November 2022.

The company's website paints a picture of a specialized engineering and manufacturing firm. HL Technology offers services like design, engineering, fabrication, and packaging, catering to the medical, orthopedic, and dental industries. It seems to focus on precision mechanisms and offers products like implant buddies and torque limiters. The website highlights a commitment to Swiss-quality precision and offers services ranging from concept development to regulatory compliance. There’s a strong emphasis on customized solutions and a range of products, including a new dental implant buddy kit.

Financially, HL Technologies Ltd is showing some concerning trends. Cash reserves have plummeted by 87%, dropping to just £350, while bank borrowings have increased by 320% to £85. Current assets have also decreased by 31%, now standing at £6,100. Creditors remain relatively stable at £12,000, but net assets are down significantly, now at -£5,600. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so these figures are unaudited.

It seems the company is burning through cash, and the increase in borrowings suggests a need for additional funding. While the website showcases a specialized and potentially lucrative niche in medical device components, the financial data indicates a challenging period. It's likely the company is still establishing itself and navigating the complexities of its business model, but the current trajectory warrants close attention.

Registered in England/Wales under the registration number 13699593, with a registered address at W1F 7JY, England, London, 4th Floor, 58-59 Great Marlborough Street.

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