Lionel Hitchen Limited

Lionel Hitchen Limited, based in Andover, UK, is a holding company with a solid 60-year history. Employing 133 people, the company holds assets worth £62,690,115 and maintains a real address. With ten directors, but no owners reported (likely one of the directors), the company has a stellar 5.0 Google rating from six reviews. It’s a regular importer and exporter of essential oils and perfumes, with 488 months of import activity and 957 months of export activity recorded.

The company operates in the manufacture of other food products, and its website suggests a focus on flavourings and botanical materials. While no e-commerce presence is apparent, the business seems to cater to industrial customers, with a focus on high-quality ingredients and bespoke blends.

Financially, Lionel Hitchen Limited shows some concerning trends. Accrued liabilities have increased by 45%, while cash and cash equivalents have fallen by 13% to £17 million. Bank borrowings are stable, but creditors have risen by 13% to £10 million. Despite these pressures, net assets have increased by a substantial 36% to £55 million, indicating a strong equity position. Trade debtors have decreased by 30%, suggesting better management of customer payments. The company's net loss increased by 11% to £7.7 million. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The increase in liabilities, coupled with the decrease in cash reserves, suggests the company may be investing heavily in its operations or facing increased costs. However, the strong equity position and improved asset management provide some reassurance. The company’s long history and established presence in the flavouring industry, combined with its high Google rating, indicate a resilient business that is likely to weather these challenges.

Registered in England/Wales under the registration number 00838331, with a registered address at SP10 4JX, England, Andover, Hampshire, Virginia Works, Greenwich Way.

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