Hrs Refrigeration Limited

Hrs Refrigeration Limited, based in Cardigan, UK, is a small, active company established 22 years ago. Employing just three people, it holds £245,793 in assets and operates from a real address. With two directors and one owner, the company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import activity recorded two months ago in May 2022.

The company’s primary focus appears to be the repair of other equipment, and it’s likely servicing local businesses in the Cardigan area. While no website is available to examine, the nature of the business suggests a hands-on, service-oriented operation rather than a large-scale e-commerce venture.

Financially, Hrs Refrigeration Limited shows a mixed picture. Current assets increased by 13% to £280,000, a positive sign of improved liquidity. However, net assets also increased by 5.1% to £250,000, and bank borrowings surged by 530%, reaching £80,000—a significant increase that could indicate investment or expansion. Creditors decreased by 39%, suggesting better debt management. Trade debtors decreased by 46%, 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) allows it to remain flexible, but the increase in bank borrowings warrants monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's owner, Hancox Raymond James Lionel, and director, Forrester Diana, are responsible for its management. The company’s financial data suggests it’s navigating a period of change, potentially driven by increased investment or a shift in business strategy.

Registered in England/Wales under the registration number 04705283, with a registered address at SA43 3AD, Wales, Cardigan, 8 Station Road.

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