Team Hardy Limited

Team Hardy Limited, based in Birmingham, UK, is a small holding company with an active status, established seven years ago in 2017. The company holds £571,742 in assets and operates from a virtual address, registered at Grosvenor House, St. Pauls Square – a location shared by fifty-three other businesses. It’s managed by one director and one owner, and boasts a stellar 5.0 Google rating based on four reviews. The company regularly imports textile products, used clothing, and rags, with its last import operation recorded in September 2024.

The company's website reveals a very different business: Hardy UK Ltd, a world-leading manufacturer of leather blade products. Founded in 1854, Hardy UK has a long history of innovation and quality, now under the ownership of Arkote Ltd. The site details a wide range of blades for leather processing, along with approved products and a reblading service. It even has a mailing list for regular updates and technical guides. The website also mentions a new Italian branch and participation in industry events, demonstrating a commitment to growth.

Financially, Team Hardy Limited's recent performance is concerning. Net assets have plummeted by a staggering 140%, falling to -£97,000, while cash reserves have vanished, dropping 98% to just £2,500. Bank borrowings have also increased significantly, rising by 33% to £14,000. Trade debtors have decreased by 63%, which could be a positive sign of better collection practices. Despite these challenges, creditors have increased by 9600%, which is a very large increase. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is common for small, exempt companies.

The contrast between the thriving leather blade manufacturing business and the struggling holding company is striking. While Hardy UK Ltd seems to be expanding and innovating, Team Hardy Limited appears to be burning through money. Whether this is a temporary setback or a longer-term issue remains to be seen, but it suggests a need for careful financial management.

Registered in England/Wales under the registration number 11048432, with a registered address at B3 1RB, England, Birmingham, Grosvenor House, St. Pauls Square.

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