Honeystone Limited

Honeystone Limited is a small, active company based in London, UK, founded twelve years ago in 2013. With four employees and £1,162,766 in assets, it operates from a virtual address shared by forty-one other companies, a detail that raises some questions. The company is a family business, overseen by two directors and three owners, though the list of owners may not be exhaustive.

Honeystone Limited’s core business involves importing machinery, boilers, and mechanical appliances – parts, with 6 months of import activity recorded, the last in October 2024. It also engages in irregular exporting of optical and medical tools and devices, with just one month of export activity as of September 2016. The company operates in the engineering related scientific and technical consulting activities, translation and interpretation activities, agents involved in the sale of machinery, industrial equipment, ships and aircraft, engineering design activities for industrial process and production industries.

Financially, Honeystone Limited shows a mixed picture. Current assets declined by 18% to £1,200,000, while net assets dropped 28% to £310,000. Cash reserves fell 25% to £390,000, and bank borrowings increased. Creditors decreased by 14%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. The company is exempt from audit, so the figures are unaudited.

The company’s financial data suggests it's burning through money. The decrease in cash reserves, combined with the increase in bank borrowings, indicates that the company may be struggling to generate enough revenue to cover its expenses. However, the decrease in creditors suggests that the company is managing its debts effectively. It’s hard to say for sure without more information, but it’s possible that Honeystone Limited is facing some financial challenges.

Registered in England/Wales under the registration number 08375808, with a registered address at SW1Y 5EA, England, London, Ground Floor, 123 Pall Mall.

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