Hol Procurement Limited

Hol Procurement Limited is a small holding company based in London, UK, established five years ago. With two employees and £307,529 in assets, it operates from a virtual address, registered at an address shared by 3,692 other companies. The company is active and managed by two directors and one owner. It’s a regular importer, primarily focusing on wood and wood products, with 18 months of import activity recorded, the latest in October 2024.

The company’s website, Portfolio Group, showcases a diverse range of recruitment services spanning Payroll, HR, Reward, Credit Control, and Procurement. They operate across multiple locations including London, Manchester, Dublin, and Toronto, suggesting a broader international presence. The site emphasizes a client-focused approach, offering recruitment services, client solutions, and outsourcing options. They even have a dedicated section for testimonials and a blog offering career advice.

Financially, Hol Procurement Limited’s picture is complex. Cash bank on hand has decreased significantly by 71%, dropping to £3,400. Debtors have exploded by 2,400%, reaching £200,000, while creditors have also risen considerably, increasing by 180% to £59,000. Equity has suffered a 13% decline, falling to -£830,000, and net assets and liabilities have also decreased. Despite these challenges, net current assets have improved by 110% to £250,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned.

The substantial increase in debtors suggests a possible shift in payment terms or a backlog of outstanding invoices. The decrease in cash and the negative equity position are concerning, but the improved net current assets suggest better management of short-term liabilities. The parent company, Hol Trading Holdings Ltd, appears to be providing support, and the company's continued operation, despite these financial pressures, is a testament to its resilience.

Registered in England/Wales under the registration number 12311304, with a registered address at WC1N 3AX, England, London, 27 Old Gloucester Street.

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