Hylo Athletics Limited

Hylo Athletics Ltd, based in Wokingham, UK, is a small, active company founded five years ago. With eleven employees and £1,608,929 in assets, it operates from a virtual address, a detail that raises some questions about its physical presence. The company is run by four directors, though no owners are officially listed – likely one of the directors holds that role. It's an e-commerce site, regularly importing footwear and related items (for three months) and exporting clothing and accessories made by knitting or crocheting (for four months).

The company’s website, hyloathletics.com, focuses on “running like the world depends on it,” showcasing a range of activewear, particularly running gear. The site highlights a commitment to “activeism,” supporting projects that promote movement, connection, and environmental protection. It's a clean, modern design, emphasizing product photography and a straightforward shopping experience.

Financially, Hylo Athletics Ltd presents a mixed picture. While current assets decreased by 42% to £1,600,000, net assets also plummeted 48% to £1,600,000. Bank borrowings increased significantly by 58% to £740,000, and cash reserves fell 58% to £740,000. Creditors, however, decreased by 57% to £94,000, suggesting improved debt management. The company meets two of three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—allowing it to benefit from simplified reporting requirements. There's no auditor mentioned, so the financials are unaudited.

The decrease in cash reserves and the increase in borrowings are concerning, suggesting the company may be burning through cash faster than it's generating revenue. However, the reduction in creditors indicates that Hylo Athletics Ltd is managing its short-term liabilities effectively. Whether the company can sustain its growth and navigate these financial pressures remains to be seen.

Registered in England/Wales under the registration number 12026354, with a registered address at RG41 5TS, United Kingdom, Wokingham, Donald Reid Group Limited 1010 Eskdale Road, Winnersh Triangle.

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