Hz Technologies Limited

Hz Technologies Limited, based in Stockport, UK, is a small, family-run business with an active status. Founded four years ago, the company employs just two people and holds £60,558 in assets. It operates from a virtual address, registered at an address shared by fifty-five other companies, and is led by one director and two owners. The business regularly imports optical and medical tools and devices—nineteen months of import activity recorded—but only occasionally exports them, with just one month of export activity.

The company’s website describes Hz Technologies as a distributor and manufacturer’s agent specializing in RF, Microwave, and Optical components and subsystems. It emphasizes a consultative sales approach, catering primarily to the Aerospace, Defence, and Telecommunications sectors. They offer engineering design services and work with premier suppliers, aiming to provide tailored solutions. The website also includes contact details and a brief overview of their services.

Financially, Hz Technologies Limited presents a mixed picture. Current assets have increased significantly, jumping 140% to £61,000. However, net losses deepened to -£12,000, and cash reserves have increased dramatically to £3,300. Trade debtors have also increased by a large margin, rising 540% to £38,000. Bank borrowings have decreased dramatically, falling -100% to zero. The company meets two of three conditions to be considered small—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and, as a small company, it’s exempt from an audit.

Despite the increase in debtors, the company's ability to reduce bank borrowings is a positive sign. However, the losses indicate that it's still burning through money, and the reliance on increased trade debtors could pose a risk if payments are delayed. The company's small size and family ownership may help it remain agile, but the management needs to keep a close eye on its financial performance.

Registered in England/Wales under the registration number 12616190, with a registered address at SK7 2BE, United Kingdom, Stockport, Cheshire, 5a Ack Lane East, Bramhall.

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