H2tec Limited

H2tec Limited, based in Edinburgh, UK, is a small, active holding company founded seven years ago. Employing thirty people and holding £5,083,505 in assets, it operates from a real address in Wallyford Industrial Estate. The company is led by one director and one owner, and it’s an irregular importer, primarily dealing in optical and medical tools and devices, with recent activity recorded two months ago.

The company’s website reveals a focus on hydrogen technology solutions, offering services like refuelling, generation, compression, and storage. It caters to various sectors, including power generation and hydrogen refuelling stations, and boasts expertise in systems engineering. H2tec operates in both Scotland and the Netherlands, partnering with Logan Energy Group and positioning itself as a provider of turnkey hydrogen systems, from feasibility studies to decommissioning. It even offers integration services for hydrogen technology developers.

Financially, H2tec Limited presents a mixed picture. Current assets have increased significantly, jumping 130% to £5,100,000, while cash bank on hand has plummeted 81% to a mere £9,100. Trade debtors have also ballooned by 120%, reaching £4,900,000, which could indicate a reliance on customer payments or expanded credit terms. On a brighter note, creditors have decreased by 130%, suggesting improved debt management. Equity has also increased by 110%, reaching £230,000. The company’s small size – meeting two of three criteria for being classified as small – allows for agility, but the sharp decline in cash reserves and the rise in debtors are concerning. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies.

It seems H2tec Limited is navigating a period of growth and change, with increased assets and a focus on hydrogen technology, but also facing challenges in cash flow management. The company’s reliance on delayed customer payments could be a cause for concern, and the lack of cash reserves could limit its ability to invest in future growth.

Registered in Scotland under the registration number SC567068, with a registered address at EH21 8QJ, Scotland, Edinburgh, 7 Wallyford Industrial Estate, Wallyford.

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