Hygitech Limited

Hygitech Limited, based in London, UK, is a small, active company founded nine years ago. With just one employee and £373,079 in assets, it operates from a virtual address, a detail flagged by the registration data. The company is led by a solo founder and director, Michael Stemmer, and maintains an e-commerce site with a 2.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity recorded two months ago.

The company’s website showcases a specialized business: supplying dental and surgical equipment for professionals. It’s an exclusive platform, requiring users to certify they are oral health professionals. The site offers a wide range of products, from surgical kits and preparation tools to sterilization equipment, and even offers a Hygitech Academy with articles and videos on topics like implant surgery and periimplantitis prevention. It’s clear they’re aiming for a niche market, emphasizing quality, expertise, and even offering free samples and expert advice.

Financially, Hygitech Limited presents a mixed picture. Cash reserves have increased by 37% to £300,000, a positive sign, but accrued liabilities have surged by a staggering 3,500% to £92,000—a worrying trend. Trade debtors have decreased by 9.2%, while trade creditors have increased by 38%, suggesting potential cash flow challenges. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant rise in liabilities warrants closer scrutiny. No auditor is mentioned, likely due to the small company exemption.

Overall, Hygitech Limited appears to be a specialized e-commerce business with a focus on the dental and surgical market. While it’s showing some growth in cash reserves, the sharp increase in liabilities suggests it’s burning through money faster than it’s bringing it in—a common pattern for startups. Whether it can sustain this growth and manage its financial obligations remains to be seen.

Registered in England/Wales under the registration number 09763550, with a registered address at SE1 7EU, England, London, Becket House, 1 Lambeth Palace Road.

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