Flotec Industrial Limited

Flotec Industrial Ltd, based in Loughborough, UK, is a small holding company with an active status, celebrating 30 years since its founding in 1994. With 24 employees and £2,183,723 in assets, it operates from a virtual address—a point of interest as twenty companies are registered at the same location—and is managed by six directors and one owner. The company regularly imports iron or steel products, with 7 months of import activity recorded, and occasionally exports them, with 2 months of export activity.

Flotec Industrial Limited describes itself as a hydraulic and pneumatic equipment supplier, serving a diverse range of industries including bus manufacturing, water treatment, agriculture, and power generation. It operates an online store selling a wide array of products, from hydraulic hoses to air tools and personal protective equipment. The company also acts as an official distributor for Gates Hydraulics and has a division specializing in rail solutions, including rail hose management and battery charging units. The website even mentions a 2024-2026 Fluid Power catalogue.

Financially, Flotec Industrial Ltd presents a mixed picture. Current assets decreased by 11% to £2,200,000, while net assets increased by 40% to £1,100,000. Cash reserves grew significantly by 38% to £680,000, which is a positive sign. However, trade debtors declined by 33%, suggesting slower customer payments, and other creditors dropped by 59%, which could indicate better debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in debtors warrants monitoring. There is no auditor mentioned, which is common for small companies.

Overall, Flotec Industrial Ltd appears to be a stable, albeit small, business navigating the challenges of a competitive market. The growth in cash reserves is encouraging, but the decrease in debtors suggests a need for closer attention to accounts receivable.

Registered in England/Wales under the registration number 02968791, with a registered address at LE11 5GW, England, Loughborough, Leicestershire, Unit 8, Pavilion Way.

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