Horizon Mobility Ltd

Horizon Mobility Ltd, based in Cornwall, UK, is a small, family-run business with an active status, having been founded eighteen years ago. Employing thirty-two people, the company holds £258,704 in assets and operates from a real address. With three directors and two owners, it’s a tight-knit operation, boasting a 3.0 Google rating from sixty-three reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with five months of import activity recorded.

The company's website showcases a range of all-terrain mobility scooters under the Horizon brand, catering to both road and off-road use. They offer several models, including the Mayan AC, Aztec, and Saxon, emphasizing powerful electric motors, independent suspension, and power steering options. The website also highlights British design and manufacture, with a focus on heavy-duty engineering and all-weather controls. It’s clear that Horizon Mobility is targeting a niche market—individuals seeking robust and capable mobility solutions for challenging terrains.

Financially, Horizon Mobility Ltd presents a mixed picture. Cash bank on hand increased by a significant 48%, reaching £92,000, a positive sign. However, net assets liabilities increased by 14%, reaching £1.4 million, suggesting a reliance on borrowing. Bank borrowings surged by 15%, reaching £86,000, and trade debtors increased by 56%, which could indicate challenges in collecting payments. Creditors, however, decreased by 9.8%, which is a good sign. 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 remain flexible, but the increased borrowing raises questions about its long-term sustainability. No auditor is mentioned, likely due to the company's exemption as a small entity.

Overall, Horizon Mobility Ltd appears to be navigating a period of growth and expansion, but needs to manage its debt effectively to ensure its continued success.

Registered in England/Wales under the registration number 05928981, with a registered address at TR10 8AW, Cornwall, Waterside Court, Falmouth Road, Penryn.

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