Allen Hydraulic Engineering Limited

Allen Hydraulic Engineering Ltd, based in Worcester, UK, is a small holding company with an active status, having been founded 21 years ago. The company employs four people and holds £812,730 in assets. It has a real address, is overseen by two directors, and has one owner. Allen Hydraulic Engineering is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts, with 14 months of import activity and 17 months of export activity recorded.

The company operates in the machining industries, and its registered address is at Hydra House, Bishops Frome. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's status is active.

A review of the financials reveals a mixed picture. Cash reserves have decreased significantly, dropping 53% to £76,000. Trade debtors have increased by 20%, reaching £240,000, while creditors have decreased by 54%, falling to £59,000. Net assets have increased by 3.9% to £700,000. It's interesting to note that accrued liabilities have fallen sharply, dropping 59% to just £4,100. The company’s bank borrowings have increased by 2,400%, reaching £29,000.

The decrease in cash and increase in debt could reflect investments in inventory or expansion efforts, but it’s something to keep an eye on. The company is likely exempt from an audit due to its size, and the financial statements are unaudited. The company’s focus on importing and exporting machinery suggests a business reliant on international trade, which can be subject to external factors and supply chain disruptions.

Registered in England/Wales under the registration number 04851418, with a registered address at WR6 5BP, England, Worcester, Worcestershire, Hydra House, Bishops Frome.

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