H Z Logistics Uk Ltd

Hz Logistics Uk Ltd, based in Spalding, UK, is a large, holding company with an active status, having been founded ten years ago in 02/17/2015. The company employs ninety nine people and holds assets valued at £2,716,790. It has a real address, three directors, and one owner, and currently holds a 3.0 rating on Google based on thirty-eight reviews. The company operates as an irregular importer of machinery, boilers, and mechanical appliances; parts (imported for one month, last import in June 2024), and an irregular exporter of drinks, alcohol, and vinegar (exported for one month, last export in January 2023).

The company’s website is unavailable, so it’s difficult to determine the specifics of its operations beyond the import/export activities. Without a website, it's impossible to ascertain whether it operates an e-commerce platform or primarily functions as a logistics provider.

Financially, Hz Logistics Uk Ltd presents a mixed picture. Cash reserves decreased by 21%, dropping to £280,000, while bank borrowings increased by 980%, reaching £600,000. Trade debtors rose by 890%, which could indicate delayed customer payments or an expansion of credit terms. On a positive note, creditors decreased by 18%, suggesting improved debt management. The company’s net assets increased by 9.5% to £2,000,000, and turnover increased by 18% to £19,000,000. The company’s average number of employees increased by 23% to 120. The auditor is TC Group.

While the company's growth in turnover and assets is encouraging, the significant increase in bank borrowings raises concerns about its financial health. It’s possible that the company is investing heavily in its operations or facing increased costs, but the reliance on debt could become a risk if revenues don't keep pace. The decrease in cash reserves, combined with the rising debt, suggests the company is burning through money, and it's important to monitor its cash flow closely.

Registered in England/Wales under the registration number 09443703, with a registered address at PE12 8LT, England, Spalding, Lincolnshire, Hz Logistics Uk Ltd Washway Road, Holbeach.

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