Halifax Numerical Controls Limited

Halifax Numerical Controls Ltd from Halifax UK is a small, active company founded 27 years ago. With just four employees and £529,282 in assets, it’s a solo founder operation managed by two directors. The company, with a real address, regularly imports and exports machinery, boilers, and mechanical appliances, parts – 8 months of imports and 7 months of exports recorded.

The company operates in the manufacture of other machine tools industries. Its website is non-existent, making it difficult to determine if it engages in e-commerce.

Financially, Halifax Numerical Controls Ltd presents a mixed picture. While current assets increased by 18% to £530,000, net assets have seen a significant drop – 99% to £72,000. Bank borrowings have increased by 4.8% to £10,000, and cash reserves have fallen dramatically by 89% to £18,000. Creditors have increased by 16% to £480,000, and trade debtors have surged by 53% to £350,000. 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 flexibility, but the sharp decrease in equity raises concerns. The lack of an auditor mentioned suggests it’s exempt as a small company, so the figures are unaudited.

The company’s growth in bank borrowings and a decrease in cash reserves suggest it may be burning through money. The increase in trade debtors could be a sign of delayed payments, or perhaps an expansion of credit terms to boost sales. The decrease in equity is a worrying trend, and it will be interesting to see how the company addresses these challenges in the coming year.

Registered in England/Wales under the registration number 03519696, with a registered address at HX3 6RS, Halifax, Holmfield Works, Shay Lane.

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