Hooga Group Limited

Hooga Group Limited is a small, active company based in Warrington, UK, founded four years ago in 2021. It's a family business with two directors and owners, Rachel and William Carr, who also act as solo founders. The company holds £79,233 in assets and operates from a real address, with only one other company registered at the same location. Hooga Group Limited primarily engages in the development of building projects, construction of domestic buildings, information technology consultancy, and data processing activities. It’s an irregular importer, with its top import category being aluminum and aluminum products, imported for one month in 2023.

The company’s website, while not fully developed, suggests a focus on building and IT services, with a mention of data processing and hosting. It's unclear if the company operates an e-commerce site or has a physical presence beyond its registered address.

Financially, Hooga Group Limited presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased significantly, with computer equipment showing an 89% growth. Cash bank on hand has decreased by 36% to £21,000, and creditors have risen sharply, increasing by 68% to £110,000. Trade debtors have also increased considerably, by 140% to £58,000. The company's net assets have taken a significant hit, dropping 3400% to -£25,000, and net current assets have also declined, increasing the deficit by 250%. Despite these challenges, the company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility. There's no auditor mentioned, indicating exemption as a small company.

The sharp decline in equity and the increase in debt raise concerns about the company’s financial health. It’s possible that Hooga Group Limited is investing heavily in growth, but the lack of cash reserves suggests it’s operating on a tight budget. The company’s irregular import activity and diverse range of services indicate a business still exploring its market niche—perhaps a bit too much.

Registered in England/Wales under the registration number 13357729, with a registered address at WA4 5LS, England, Warrington, The White House Hobb Lane, Daresbury.

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