Furness Fluid Power Limited

Furness Fluid Power Ltd from Barrow-In-Furness UK is a small, active company founded 19 years ago. With 23 employees and £965,139 in assets, it operates from a real address and is managed by four directors and a single owner, boasting a perfect 5.0 Google rating from two reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with parts imported for just one month, the last operation in October 2023.

The company’s website details a wide range of engineering services, including hydraulic and pneumatic solutions, health and safety training, lifting and testing, and fabrication. It also runs a trade counter offering tools, abrasives, and welding equipment. The website highlights the company’s experience and reputation within the engineering sector, with a focus on high-quality service and products. It even runs training courses, some of which can be delivered on-site. The company also has two offices, one in Barrow-In-Furness and one in Morecambe, both offering 24/7 callout services.

Financially, Furness Fluid Power Ltd shows a mixed picture. While current assets increased by 26% to £970,000, net assets also increased by 16% to £890,000. Bank borrowings decreased by 7% to £130,000, and cash reserves increased by a staggering 2,300% to £150,000. However, creditors increased by 24% to £400,000, and bank overdrafts surged by 220% to £30,000. The company's small size—meeting two of three conditions for being considered small—helps it remain agile. There was no auditor mentioned, likely due to the company’s small size and exemption from an audit.

The company’s financial trends suggest it’s managing its assets well, with a significant increase in cash reserves. However, the increase in creditors and overdrafts indicates a need to manage short-term liabilities more effectively. It's a good sign that the company is growing, but it will need to keep a close eye on its cash flow to ensure long-term stability.

Registered in England/Wales under the registration number 05675728, with a registered address at LA14 2UD, Barrow-In-Furness, Cumbria, Unit 8 Andrews Way.

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