East Yorkshire Hydraulics Limited

East Yorkshire Hydraulics Ltd from Hull UK: a small, active company founded 25 years ago, employs 20 people, and holds £1,886,462 in assets. It’s a family business with five directors and four owners, boasting a perfect 5.0 Google rating based on five reviews. The company regularly imports machinery, boilers, and mechanical appliances, with its latest import operation made on November 01, 2024.

The company’s website highlights its expertise in hydraulic engineering, offering design, build, installation, and service. It seems to be primarily a B2B operation, catering to industrial clients rather than direct consumers. While there’s no obvious e-commerce presence, the site showcases a range of services and accreditations, including ISO9001 and CHAS certification, suggesting a focus on quality and safety. Recent blog posts detail achievements like Safe Contractor approval and updates to engineering drawings, indicating ongoing operational improvements.

Financially, East Yorkshire Hydraulics Ltd presents a mixed picture. Current assets have increased by 7.8% to £1,900,000, while net assets have risen by 11% to £1,700,000. However, cash reserves have decreased by 52%, falling to £1,100,000, and trade debtors have fallen by 10%, suggesting a potential slowdown in customer payments. Bank borrowings have increased by 2,400% to £29,000, and creditors have decreased by 55% to £34,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 24 employees. The increase in average employees from 20 to 24 is a notable change. With no auditor mentioned, the financial statements are unaudited.

Overall, East Yorkshire Hydraulics Ltd appears to be a stable, well-regarded business, but the decrease in cash reserves and increase in bank borrowings suggest it’s potentially burning through money faster than it’s bringing it in. The company’s focus on quality and safety, coupled with its family-run nature, provides a solid foundation, but it will need to manage its finances carefully to ensure long-term success.

Registered in England/Wales under the registration number 03854771, with a registered address at HU5 4JF, Hull, East Yorkshire, Units 4b And 4c Harpings Road, National Avenue.

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