Halcyon Drives Limited

Halcyon Drives Ltd from Pudsey UK: a small company, holding company, active status, founded 33 years ago, employing 35 people, holding £4,504,475 in assets, with a real address, managed by five directors, and owned by two individuals. The company regularly imports optical and medical tools and devices (for three months), and exports electrical machinery and equipment (for four months).

Halcyon Drives is a northern-based UK leader in engineered control solutions for British Industry. It’s a specialist in the supply of ABB Drives, Motors, and service, alongside the design and building of control systems. The company caters to a wide range of industries, including water, steel, oil & gas, packaging, food & beverage, and OEM sectors, emphasizing quality products and exceptional service. Its website highlights a comprehensive product range, from variable speed drives and motors to power quality filters and safety devices, catering to both individual customers and large industrial projects. They even offer hire drives to reduce downtime and energy audits to save money.

Financially, Halcyon Drives presents a mixed picture. Current assets increased by 13% to £4,500,000, while net assets grew by 27% to £2,300,000. Bank borrowings rose by 92% to £1,400,000, and cash reserves also increased by 92% to £1,400,000. Trade debtors decreased by 4.4% to £2,200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in bank borrowings suggests a reliance on external funding. The company’s average number of employees increased by 8.6% to 38, which could be a sign of growth or increased workload. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on ABB products and services, combined with its engineering expertise, positions it well within the industrial control market. The increase in bank borrowings, however, warrants further monitoring to ensure sustainable growth.

Registered in England/Wales under the registration number 02637000, with a registered address at LS28 6EA, Pudsey, West Yorkshire, Unit 2, 7 Butler Way, Stanningley.

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