Hobbitz Ltd

Hobbitz Ltd from Sheffield, UK, is a small, active company founded ten years ago in 2015. Employing just two people, it holds £69,044 in assets and operates from a real address. The company is led by a single director and owner, who also serves as the solo founder. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Hobbitz Ltd specializes in soft and hard landscaping services, catering to homeowners, businesses, schools, and multi-academy trust groups. The company's website highlights its expertise in creating outdoor spaces, offering services ranging from artificial grass installation to composite decking and pergola construction. It even provides funding access for schools looking to improve their outdoor play areas. The business model appears to be a blend of design, build, and maintenance, with a strong emphasis on localized expertise and customer service.

Financially, Hobbitz Ltd presents a mixed picture. Current assets have increased by 40% to £69,000, a positive sign. However, net assets have decreased by 50% to -£13,000, indicating a significant drain on equity. Bank borrowings have also decreased by 5.8% to £34,000. Trade creditors have increased by 28% to £72,000. The company’s increase in trade debtors by 320% to £39,000 suggests a reliance on customer payments. The company's small size helps it remain agile, but the equity decline warrants further investigation. No auditor is mentioned, likely due to its status as a small company.

Overall, Hobbitz Ltd seems to be navigating a period of change, with increased assets but a concerning drop in equity. It's likely the company is reinvesting in its business, but careful management of its finances will be crucial for its long-term success.

Registered in England/Wales under the registration number 09502602, with a registered address at S12 3XH, United Kingdom, Sheffield, 26 Teesdale Road Ridgeway.

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