Hadfield Services Limited

Hadfield Services Ltd from Burton-On-Trent UK is a small holding company with an active status, established fifteen years ago in 2009. The company employs twelve people and holds assets valued at £447,129. It operates from a real address and is overseen by five directors and one owner. Hadfield Services is an irregular importer of electrical machinery and equipment, with two months of import activity recorded as of March 2024. It’s also an irregular exporter of optical and medical tools and devices, with two months of export activity as of April 2021.

The company’s website showcases a diverse range of services, primarily focused on electrical manufacturing and engineering solutions. It’s not an e-commerce site, but rather a service provider. Hadfield Services offers wiring harness design, custom test rig manufacturing, reverse engineering, diagnostics, and even 3D printing and rapid prototyping. The site highlights a focus on innovation, precision, and sustainability, catering to industries like automotive, industrial, and renewable energy. They also have a division called RD Labs, dedicated to eco-innovation and ISO certification.

Financially, Hadfield Services Ltd presents a mixed picture. Cash reserves have fallen significantly, dropping 71% to £38,000. Bank borrowings have surged by an impressive 150%, reaching £320,000, suggesting a need for increased funding. While net assets are still negative at -£31,000, they have improved from a worse -£110,000. Creditors have decreased by 44%, which is a positive sign. Trade debtors have increased by 180%, which could indicate delayed payments from customers or a shift in credit terms. The company’s small size (meeting two of three criteria for being a small company) allows for agility, but the sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

The surge in bank borrowings and the decrease in cash reserves suggest Hadfield Services may be burning through money, perhaps to invest in new equipment or expand operations. The increase in trade debtors could also be a sign of financial strain. However, the decrease in creditors and the improved net assets indicate that management is taking steps to manage its finances. It’s likely the company is in a transitional phase, balancing growth with financial stability.

Registered in England/Wales under the registration number 06985777, with a registered address at DE14 1DB, England, Burton-On-Trent, Unit 20, Northside Business Park, Hawkins Lane.

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