Hypex Group Limited

Hypex Group Limited, based in Paisley, UK, is a small, active company founded just three years ago. With £1,080 in assets and a virtual address shared by 62 other companies, it’s a solo founder operation managed by a single director and owner, Miller Harris Stainton. The company enjoys a perfect 5.0 Google rating from 19 reviews, suggesting strong customer satisfaction.

The company operates in the retail sale via mail order houses or via internet industries. Its website, while not readily available for detailed analysis, suggests a focus on electronics and related components. It’s likely an e-commerce business, but further investigation is needed to confirm its specific product range and target market.

Financially, Hypex Group Limited presents a concerning picture. Equity has plummeted by an astonishing 2,100%, resulting in a net asset value of -£1,400. Cash reserves have vanished completely, and bank borrowings have increased to £1,200. While creditors have also risen, the significant decline in equity and cash is a major red flag. The company's small size (meeting two of three conditions for a small company) doesn’t negate these concerns. There's no mention of an auditor, consistent with its status as a small, exempt company.

These figures suggest Hypex Group Limited is burning through cash rapidly. It's possible the company is reinvesting heavily in growth, but without more information, it appears to be struggling financially. The lack of employees (zero reported) indicates a lean operation, but it also limits the company’s ability to scale. The company's reliance on a virtual address, shared with many other businesses, could also raise questions about its operational stability.

Registered in Scotland under the registration number SC716597, with a registered address at PA3 4DA, Scotland, Paisley, Abercorn House, 79 Renfrew Road.

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