H S Impex Ltd

H S Impex Ltd, based in Smethwick, UK, is a small, active company established twelve years ago. With £599,704 in assets and a real address, it’s managed by a single director and owner. The business boasts a stellar 5.0 Google rating from thirteen reviews and regularly imports machinery, boilers, and mechanical appliances; parts, with 36 months of import activity recorded.

The company operates in the non-specialised wholesale trade and other retail sale in non-specialised stores industries. It’s a small business, meeting two of the three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website, accessed through Companies House, provides information about its registration and compliance with reporting frameworks.

Financially, H S Impex Ltd presents a mixed picture. Current assets have decreased by 23%, falling to £600,000, while net assets have plummeted 96%, ending at just £1,700. Bank overdrafts remain stable at £37,000, but cash reserves have declined by 52%, reaching £85,000. Creditors have also decreased by 13%, falling to £940,000. The company’s property, plant, and equipment has remained steady, but depreciation has increased slightly. The lack of an auditor mentioned suggests the company is exempt due to its small size, and the accounts are unaudited.

The significant drop in equity, despite stable property and equipment, is a notable trend. This could be due to a number of factors, such as increased investment in working capital or a change in accounting practices. While the company’s import activity remains consistent, the financial data suggests it’s facing some financial pressures, and it’s important to monitor its performance closely.

Registered in England/Wales under the registration number 08492521, with a registered address at B66 2JT, England, Smethwick, Unit 11-12 Cornwall Road Industrial Estate.

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