Hon & Co Trading Limited

Hon & Co Trading Limited, based in Preston, UK, is a small, active company founded 14 years ago. It employs one person and holds £653,461 in assets, operating from a real address. With one director and owner, the company regularly imports furniture, lighting, and prefabricated buildings – a trend observed over the last six months.

The company's website, hontradegroup.com, reveals a specialized focus on tower crane services. Rather than a typical retail operation, Hontrade Group provides structural design and heavy construction equipment, primarily in China and Hong Kong. Their services range from research and development to erection, height alteration, and dismantling, catering to a high-end, industrial clientele. The website showcases a portfolio of completed projects, including work for major construction companies, and even lists job references for various crane models and locations. It's clear the company is aiming for a reputation of reliability and expertise in a niche market.

Financially, Hon & Co Trading Limited presents a mixed picture. Cash bank holdings decreased by 6.9% to £470,000, while creditors declined by 37% to £180,000. Trade debtors remained stable at £120,000. Equity, however, increased by 16% to £480,000, largely driven by retained earnings. Despite a decrease in fixed assets and a slight dip in current assets, the company’s net current assets liabilities grew by 16%. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited.

Overall, Hon & Co Trading Limited seems to be navigating a stable, albeit slightly tightening, financial situation. The focus on specialized crane services, rather than general retail, may be contributing to its resilience, but the increase in equity suggests a need to reinvest in the business.

Registered in England/Wales under the registration number 07507403, with a registered address at PR25 5AR, United Kingdom, Preston, Lancs, 3 3 Charnwood Mews, Leyland.

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