Approved Hydraulics Limited

Approved Hydraulics Ltd, based in Stockport, UK, is a small, active company established 34 years ago. Employing 17 people, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports machinery, boilers, and mechanical appliances, including parts, with 468 months of import activity and 46 months of export activity recorded.

The company’s website showcases a wide range of hydraulic equipment and components, from standard equipment like control valves to specialized attachments for excavators and cranes. It’s clear Approved Hydraulics operates as a wholesale supplier, catering to industrial clients. The site features a dedicated section for radio remote controls, grab attachments, and even wireless weighing scales, demonstrating a focus on advanced solutions. While the site allows users to search and browse, it doesn’s appear to be a fully transactional e-commerce platform.

Financially, Approved Hydraulics Ltd presents a mixed picture. Bank cash increased significantly by 97%, reaching £630,000, a positive sign of liquidity. However, trade debtors also rose sharply, increasing by 52% to £940,000, which could indicate challenges in collecting payments. Creditors also increased by 40%, reaching £1.1 million, and net assets rose by 16% to £1.7 million. Interestingly, accumulated amortisation and impairment of intangible assets increased by 19%, which might be due to investments in software or other assets. 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 rise in debtors warrants attention. No auditor is mentioned, as the company is exempt as a small entity.

Registered in England/Wales under the registration number 02507683, with a registered address at SK5 6PH, England, Stockport, Unit 1 Avery Trading Estate, Kenwood Road.

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