Hyp-t Ltd

Hyp-T Ltd is a small, active company based in Rhyl, UK, founded six years ago in 2019. With a single employee and £1,165 in assets, it’s a solo-founder operation managed by a director and owner, Michael Hodgson. The company operates in the sports and recreation education industries, and it’s an irregular importer, with its top import category being Toys, games, and sports equipment, totaling one month of imports back in May 2019. The company’s website, hypt.design, showcases a designer label creating both real-life and digital experiences through branded environments and products.

The website highlights a diverse range of projects, from creating brand identities for Korean partners to designing luggage for Kodak and even crafting environments for cafes. It’s clear that Hyp-T Ltd is focused on branding and design, working with various clients and industries. They offer services including branding, product development, environments, digital solutions, UX/UI design, visual assets, and packaging. The site even includes a portfolio download option and contact information.

Financially, Hyp-T Ltd presents a concerning picture. Cash reserves have plummeted a staggering 95%, dropping to just £26, while current assets have decreased by 44% to £1,100. Creditors have increased by 7.7% to £15,000, and net assets have fallen significantly to -£13,000. Although the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the substantial decline in equity and cash is a red flag. The company’s bank borrowings increased, and it’s unclear if the company has enough cash to cover its liabilities. The accounts are unaudited, and no auditor is mentioned, which is common for small, exempt companies.

Despite its small size, Hyp-T Ltd appears to be struggling to maintain financial stability. While its design work seems impressive, the company needs to address its cash flow issues to avoid further decline.

Registered in England/Wales under the registration number 11875227, with a registered address at LL18 6EP, United Kingdom, Rhyl, Flintshire, Arweinfa, Gwaenysgor.

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