Hb Products Limited

HB Products Limited is a small, active company based in Ormskirk, UK, established fourteen years ago in February 16, 2011. With £260,563 in assets and a real registered address at Direct House, it employs six people and is overseen by two directors and two owners. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, HB Products, provides contact information, specifically a phone number, 01704 332544. It’s a simple online presence, suggesting a focus on direct customer interaction rather than extensive e-commerce functionality.

Financially, HB Products Limited has experienced some concerning trends. Current assets have fallen by 39%, dropping to £260,000, while net assets have also decreased by 31%, settling at £180,000. Bank borrowings have remained steady, with overdrafts at £10,000. Creditors have significantly decreased by 50%, to £97,000, which could indicate improved debt management. However, the decrease in cash bank on hand by 170% to £11,000 is a worrying sign. The company’s average number of employees increased by 33% to eight, which may have contributed to the decline in cash reserves. The company's size, meeting two of three criteria for being small, means it is exempt from a full audit.

Overall, HB Products Limited seems to be facing financial headwinds, despite a decrease in creditors. The increase in employees, while potentially boosting sales, appears to have put a strain on cash flow. It's possible the company is reinvesting in its business, but the declining cash reserves warrant close monitoring.

Registered in England/Wales under the registration number 07531699, with a registered address at L40 8JS, England, Ormskirk, Direct House 8 Langley Place, Burscough Industrial Estate.

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