Hybrid Repair Service Ltd

Hybrid Repair Service Ltd, based in Exeter, UK, is a small, active company founded three years ago. With a single employee and £42,872 in assets, it operates as a solo founder venture, managing both a real address and an e-commerce site. The company is a irregular importer, primarily dealing with optical and medical tools and devices, with the last import occurring in December 2023. It’s overseen by one director and owner, Woodland Mark Richard.

The company’s core business revolves around hybrid vehicle battery repair and associated system services. Operating as a mobile service across the South of the United Kingdom, it offers repair, reconditioning, replacement, and testing solutions for high-voltage batteries. The website highlights expertise in diagnostics, reconditioning, and replacement options, catering to both UK and imported vehicles. It even offers payment plans and boasts IMI TechSafe certified technicians.

Financially, Hybrid Repair Service Ltd shows some interesting trends. While cash bank holdings increased slightly to £9,300, current assets also rose to £43,000—a positive sign. However, net assets jumped dramatically to £4,200, and retained earnings increased by a whopping 41,000%. Trade debtors decreased by 18%, which could indicate improved collection efficiency. The company’s small size (meeting two of three conditions for being considered small) helps maintain agility, but the significant increase in equity suggests a possible injection of capital or a revaluation of assets. No auditor is mentioned, consistent with its status as a small, exempt company.

The company’s growth is apparent, with employee numbers doubling to two. However, the increase in creditors—rising to £58,000—needs monitoring to ensure it doesn’t become a burden. Overall, Hybrid Repair Service Ltd appears to be a growing business, capitalizing on the increasing demand for hybrid vehicle maintenance—although keeping an eye on its debt levels is advisable.

Registered in England/Wales under the registration number 13925335, with a registered address at EX1 2RR, England, Exeter, 58 Fore Street, Heavitree.

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