Htg Trading Limited

HTG Trading Ltd, based in Ipswich, UK, is a well-established company with a 40-year history, currently employing 63 people. It's a holding company with a real address and active status, holding assets of £13,494,326 and generating a yearly revenue of £17,958,054. The company operates as a distributor of foodservice equipment, with a strong focus on machinery, boilers, and mechanical appliances. It has a Google rating of 5.0 based on two reviews.

The company's website highlights its role as a distributor for several brands, including Hubbard Systems, Taylor UK, Barista Tech, and HTG Service. It also runs a thriving ecommerce site, HTG Extras, selling spare parts and consumables. The company’s divisions include Scotsman Ice Machines, Friulinox Specialist Refrigeration, and Barista Tech by Taylor UK. It’s clear that HTG Trading Ltd isn't just a distributor; it's a comprehensive solutions provider, offering everything from equipment sales to aftercare support and online parts ordering.

Financially, the picture is a little more complex. While turnover remained stable at £18 million, net assets decreased by 5% to £8.4 million. Cash reserves dropped significantly by 9% to £1.1 million. Bank borrowings increased by 3%, reaching £290,000. Creditors also rose by 3%, suggesting a need for careful cash flow management. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) means it’s not subject to a full audit, so the figures are unaudited.

The increase in bank borrowings, alongside the decrease in cash reserves, could indicate the company is investing in growth or facing increased operating expenses. However, the stable turnover suggests that its core business remains healthy. The company's reliance on a few key brands—and the absence of an auditor—means that its long-term financial health will depend on maintaining strong relationships with its suppliers and effectively managing its cash flow.

Registered in England/Wales under the registration number 01828642, with a registered address at IP6 0NL, Ipswich, 106 Claydon Business Park, Great Blakenham.

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