Hope Technology (ipco) Limited

Hope Technology (ipco) Limited, based in Barnoldswick, England, is a sizable company with a strong presence in the sports goods manufacturing sector. Established thirty-three years ago in 1991, it’s a holding company with an active status, employing 162 people and boasting assets of £9,789,216. The company’s real address is registered at Hope Mill, Calf Hall Road, and is overseen by three directors and a single owner. It has a stellar 5.0-star Google rating based on 93 reviews.

Hope Technology (ipco) Limited specializes in the manufacture and export of bicycle components, particularly hubs, brakes, and drivetrains. It’s a regular importer and exporter of vehicles, parts, and accessories (excluding trains and trams), with 262 months of import activity and 731 months of export activity recorded. The company’s website highlights its business-to-business offerings, including an online ordering system, and showcases a wide range of products aimed at mountain bike, road, gravel, and e-bike enthusiasts.

Financially, Hope Technology (ipco) Limited’s numbers show some interesting trends. While current assets increased by 49% to £9,800,000, net assets only increased by 12% to £5,700,000. Bank borrowings decreased by 54%, which is a positive sign, but cash reserves fell by 88% to £140,000. Director remuneration increased significantly by 130%, which could be due to increased workload or changes in compensation structure. The company’s turnover decreased by 13%, which may reflect market conditions or changes in sales strategy. With no auditor mentioned, the figures are unaudited.

The company’s substantial asset base and workforce suggest a stable operation, but the decrease in turnover and cash reserves warrants further investigation. The increase in director remuneration, while not necessarily negative, could indicate a shift in priorities or increased operational costs. Overall, Hope Technology (ipco) Limited appears to be a well-established company navigating a competitive market, and its continued success will depend on its ability to adapt to changing conditions.

Registered in England/Wales under the registration number 02658410, with a registered address at BB18 5PX, Barnoldswick, Lancashire, Hope Mill, Calf Hall Road.

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