Hmy Uk Innovation In Retail Ltd

Hmy Uk Innovation In Retail Ltd, based in Newcastle Upon Tyne, UK, is a sizable company with an active status, having been incorporated eighteen years ago in May 2006. The holding company employs sixty people and holds assets totaling £7,338,000. It operates from a real address and is overseen by four directors and one owner. A key aspect of their business is an e-commerce site, supported by a solid 4.0 Google rating based on thirteen reviews. The company regularly imports furniture, lighting, and prefabricated buildings (spanning 134 months), and also exports these items, albeit less frequently (eight months).

The company’s website is not available, so it’s difficult to know more about their online presence.

Hmy Uk Innovation In Retail Ltd operates in the manufacture of other fabricated metal products n.e.c. industries. Financially, the company's current assets have decreased by 7.5% to £7,300,000, while bank borrowings have increased by 40% to £240,000. Despite this, net losses have dramatically increased by 110%, resulting in a loss of £130,000. Trade debtors have also risen by 24%, reaching £3,700,000, which could be a sign of delayed payments or an expansion of credit terms. However, creditors have decreased by 11%, suggesting improved debt management. The company meets two of the three criteria to be considered large, with turnover over £36 million, balance sheet total over £18 million, and employees over 250. The lack of an auditor is likely due to the company’s size.

Overall, Hmy Uk Innovation In Retail Ltd appears to be facing financial challenges despite its size and established presence. The increase in debt and the significant net loss raise concerns, but the decrease in creditors suggests some level of financial discipline.

Registered in England/Wales under the registration number 05822214, with a registered address at NE16 6EA, Newcastle Upon Tyne, Unit 13 Hobson Industrial Estate, Burnopfield.

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