Hof Projects Ltd

Hof Projects Ltd, based in Ilford, UK, is a small, active company founded six years ago. With eight employees and £219,251 in assets, it operates from a real address and is managed by one director and owner. The firm regularly imports machinery, boilers, and mechanical appliances; parts, with 23 months of import activity recorded, the last in June 2021. It’s a private limited company, and the director is satisfied that the company is entitled to exemption from the requirement to obtain an audit.

The company’s core business involves the manufacture of other builders' carpentry and joinery, joinery installation, and the installation of industrial machinery and equipment. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to determine if it operates as an e-commerce business.

Financially, Hof Projects Ltd shows mixed signals. Accumulated depreciation impairment property plant equipment increased by 110%, while cash bank on hand decreased by 38%. Trade creditors trade payables decreased by 42%, suggesting better debt management. However, net assets increased by 65%, and net current assets liabilities improved by 260%. Bank borrowings remained stable at £50,000. The company’s small size helps it stay agile, but the fluctuations in key financial metrics raise questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s director, Dogan Baris, is also the ultimate controlling party. It is unclear if the company has been impacted by the increase from depreciation charge for year property plant equipment, but the increase from depreciation charge for year property plant equipment is £7,600. Overall, Hof Projects Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 11808740, with a registered address at IG1 4PG, United Kingdom, Ilford, Essex, C/O Suite 4 Cranbrook House, 61 Cranbrook Road.

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