Hsl Direct Limited

HSL Direct Ltd, based in Mansfield, UK, is a small, active company founded ten years ago. With five employees and £55,631 in assets, it operates as an e-commerce site and regularly imports textile products, sets, used clothing, and rags—the last import was six months ago. The company has one director and one owner, and its registered address is real, with only one other company registered there.

The company's website, hsl-direct.co.uk, showcases a wide range of workwear, PPE, and safety equipment. It's a comprehensive online store, selling everything from high-visibility clothing and gloves to hearing protection and respiratory masks. The site highlights bulk discounts, free logo options, and even offers credit accounts for trade customers. It’s clear they’re targeting businesses and industrial clients.

Financially, HSL Direct Ltd presents a mixed picture. Current assets have increased by 22%, reaching £56,000, which is good news. However, net assets have fallen by 40%, dropping to £31,000. Bank borrowings have decreased by 33%, sitting at £7,000, but overdrafts have increased significantly by 210%, reaching £21,000. Creditors have also increased by 94%, hitting £42,000. The company’s size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is something to watch. There’s no auditor mentioned, which is typical for small companies.

It seems like HSL Direct is navigating a period of growth and change. The increased overdraft suggests a need for more working capital, perhaps to support inventory or marketing efforts. While the rise in creditors indicates a reliance on credit, the increase in current assets is encouraging. The company’s focus on workwear and PPE, combined with its online presence, positions it well in a growing market—but managing its finances will be key to its long-term success.

Registered in England/Wales under the registration number 09161161, with a registered address at NG18 5FB, England, Mansfield, Unit 6 I2 Centre, Hamilton Court.

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