Hyfore Workholding Limited

Hyfore Workholding Ltd from Coventry, UK, is a small holding company with an active status, having been founded 24 years ago. The company employs 23 people and holds £5,159,225 in assets. It’s a real address, managed by six directors and one owner, and operates an e-commerce site with a stellar 5.0 Google rating based on eight reviews. They are regular importers of machinery, boilers, and mechanical appliances, with 25 months of import activity recorded.

The company’s website, while not extensively detailed, suggests a focus on manufacturing and supply chain solutions. It’s a holding company, and the core business appears to revolve around the manufacture of other general-purpose machinery. They also have a connection to The Engineering Technology Group Ltd, who own them. The company’s director list was changed four months ago, which is a good sign.

Financially, Hyfore Workholding Ltd shows a mixed picture. While current assets increased by a modest 1.8% to £5,200,000, net assets grew by 3% to £4,600,000. Bank borrowings decreased significantly by 69%, falling to £33,000, and cash reserves dipped slightly to £1,400. Creditors increased by 1.6%, reaching £900,000, and trade debtors jumped 23%, hitting £560,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is typical for a small company. The company’s financial statements are audited, and they are prepared in accordance with FRS 102. The company’s accounts are unaudited.

Registered in England/Wales under the registration number 04138566, with a registered address at CV6 6DP, England, Coventry, West Midlands, Unit 2, 67 Blackhorse Road, Longford.

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