Hytro Limited

Hytro Ltd, based in West Byfleet, UK, is a small, active company founded five years ago in 2019. With three employees and £297,505 in assets, it operates from a virtual address – seventeen companies registered at the same location, which is a bit unusual. The company is led by four directors and owned by three individuals. It regularly imports clothing and accessories made by knitting or crocheting (four months of imports) and occasionally exports toys, games, and sports equipment (two months of exports).

The company’s website is not available, so it's difficult to ascertain the specifics of their online presence. However, they operate in the manufacture of sports goods industries.

Financially, Hytro Ltd presents a mixed picture. While current assets increased by 38% to £300,000, equity plummeted 61% to -£2,000,000 – a significant downturn. Bank borrowings increased by 20%, reaching £33,000, and cash reserves decreased by 85%, leaving just £2,700. Creditors also increased substantially, rising 110% to £410,000. Trade debtors also increased by 59%, suggesting a possible reliance on customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity decline warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The increase in creditors, combined with the decrease in cash reserves, suggests that Hytro Ltd may be burning through money faster than it’s generating revenue. The large negative equity figure indicates that the company’s liabilities outweigh its assets, which is a concerning trend. It’s possible that the company is investing heavily in inventory or marketing to drive sales, but it’s also possible that it’s struggling to manage its cash flow effectively.

Registered in England/Wales under the registration number 12161623, with a registered address at KT14 6SD, England, West Byfleet, Surrey, 2 Park Court, Pyrford Road.

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