Hb Machinery Ltd

Hb Machinery Ltd, based in Preston, UK, is a small, active company founded five years ago. With two employees and £660,187 in assets, it's a solo-founder operation managed by two directors. The company operates from a real address and is currently importing machinery, boilers, and mechanical appliances – parts for just one month, with the last import in June 2023. It’s a regular exporter of vehicles, parts, and accessories (excluding trains and trams), with seven months of export activity recorded, the latest in August 2023.

The company’s website, HB Machinery, appears to focus on the sale of other motor vehicles. It’s likely an e-commerce business, given the online presence and focus on vehicle parts, but details on the scale of online sales are not available. The website showcases a range of products, suggesting a focus on supplying parts and accessories for various vehicles.

Financially, Hb Machinery Ltd presents a mixed picture. Current assets remain stable at £660,000, but cash reserves have fallen by 30% to £120,000. Trade debtors have significantly decreased – a 61% drop to £81,000 – which could indicate improved collection practices, or possibly reduced sales. Bank borrowings have decreased by 15% to £31,000, and creditors have also fallen by 15% to £31,000. 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 flexibility, but the decrease in cash reserves warrants attention. The increase in the number of employees from two to three suggests a period of growth, though the company’s net losses deepened. As a small company, it's likely exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 12467586, with a registered address at PR4 2WR, United Kingdom, Preston, Lancashire, 1 First Avenue, Wrea Green.

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