Axis Hydraulics Limited

Axis Hydraulics Ltd, based in Newcastle Under Lyme, UK, is a small holding company with an active status, celebrating 30 years since its founding in 7994. The company employs eight people and holds £1,320,898 in assets. It’s managed by three directors and owned by Av Hyd Holdings Ltd. Axis Hydraulics regularly imports iron or steel products (9 months) and exports machinery, boilers, and mechanical appliances (23 months).

The company’s website highlights its expertise in hydraulic system design and installation, catering to sectors like foundry automation, oil and gas, and waste management. It positions itself as a full lifecycle solution provider, offering bespoke hydraulic units, lubrication systems, and services for industrial ovens and furnaces. Axis Hydraulics acts as a distributor for other companies, and its website includes contact information and links to its social media presence.

Financially, Axis Hydraulics Ltd shows a mixed picture. Current assets increased by 12% to £1,300,000, while net assets also increased by 1.1% to £990,000. Bank borrowings decreased by 23%, reaching £550,000, and cash reserves increased by 210% to £310,000. Creditors increased by 58% to £370,000, and trade debtors decreased by 9.8% to £880,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size. The increase in cash reserves is a positive sign, but the rise in creditors suggests a need for careful cash flow management. The company's focus on specialized hydraulic solutions and its established presence in key industries could provide a foundation for continued growth, but the financial data indicates a need to monitor expenses and manage debt effectively.

Registered in England/Wales under the registration number 02967175, with a registered address at ST5 0UU, Newcastle Under Lyme, Staffordshire, Unit 705 Centre 500, Lowfields Drive Wolstanton.

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