Hyfive Ltd

Hyfive Ltd is a small, active company based in Newry, UK, founded eight years ago in December 2016. The company, with a real address and three directors, operates an e-commerce site selling a wide range of products from homeware and garden accessories to automotive detailing supplies and children’s clothing. It’s a family-run business with one owner, Stevenson Edward Gilbert, and currently holds just £799 in assets.

The Hyfive website showcases a diverse catalog, with categories including homeware, garden, automotive, tools, and travel accessories. It appears to be a general merchandise retailer, catering to both household and automotive needs. The site emphasizes competitive pricing and a wide selection, with several products on sale. There’s a noticeable effort to engage customers through blog content and promotional banners.

Financially, Hyfive Ltd presents a concerning picture. While it meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees, its net assets and liabilities stand at a negative £1,700. Cash bank on hand remains at a meager £720, and trade creditors have reached £2,500. Although the company’s debts are within one year, the negative equity suggests it’s burning through cash and struggling to generate profit. The lack of employees (zero reported) points to a lean operation, but the reliance on short-term debt to cover liabilities is a cause for concern. The accounts are unaudited and described as “filleted,” which is standard for small companies, but it doesn’s provide additional assurance. The company’s reliance on short-term debt to cover liabilities is a cause for concern.

Registered in Northern Ireland under the registration number NI642747, with a registered address at BT34 4NJ, Northern Ireland, Newry, Down, Ce Stevenson Motors Newcastle Road, Kilkeel.

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