Andritz Hydro Hammerfest (uk) Limited

Andritz Hydro Hammerfest Uk Ltd from Glasgow UK: small company, holding company, active status, founded 17 years ago, 5 employees, £721,324 assets, yearly revenue: £996,862, real address, 3 directors, 1 owner. Regular importer of electrical machinery and equipment (3 months imported).

Andritz Hydro Hammerfest Uk Ltd operates as a holding company within the larger Andritz Group, a global leader in process technologies. Based in Glasgow, the company is a small operation, employing just five people and holding £721,324 in assets. It’s been around for seventeen years, incorporated in February 2008, and boasts a real registered address—a sign of legitimacy. Three directors and one owner guide the company, which regularly imports electrical machinery and equipment, with recent activity recorded over the last three months.

The company’s website paints a picture of a much larger organization. Andritz Group offers a wide range of technologies and solutions, enabling the green transition across various sectors, including pulp, paper, metals, hydropower, and energy. The site highlights innovation, sustainability, and a global presence, with a focus on creating growth that matters. It’s clear that Andritz Hydro Hammerfest Uk Ltd functions as a subsidiary, contributing to the group's overall mission. They also have a comprehensive product finder, and case studies showcasing their work in various industries.

Financially, Andritz Hydro Hammerfest Uk Ltd presents a mixed picture. Current assets have increased by a healthy 74%, reaching £720,000, which is good news. However, administrative expenses have jumped significantly, rising 69% to £270,000. Bank borrowings have also increased, reaching £11,000,000. Despite this, the company has managed to turn a gross profit of £93,000 after a cost of sales of £900,000. The company’s small size—meeting two of three conditions to be considered small—allows for agility, but the increase in expenses and borrowings suggests a need for careful management. The lack of an auditor mentioned in the report is likely due to the company’s small size and exemption from full auditing requirements. It’s worth noting that the company’s turnover increased by 120%, which is a positive sign, although the net loss of £663,454 is a concern.

Registered in Scotland under the registration number SC338485, with a registered address at G3 8AZ, Glasgow, Suite 225d, The Pentagon Business Centre, 36 Washington Street.

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